Real Wages Rise. Employment Surges. Unemployment Plummets

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Real Wages Rise. Employment Surges. Unemployment Plummets Empty Real Wages Rise. Employment Surges. Unemployment Plummets

Post by phildidge on Tue Feb 19, 2019 9:35 pm

New labour market data from the ONS has revealed that in the last quarter of last year, 167,000 more people became employed. 2018 ended with 444,000 more people in work than a year before. The UK’s employment rate now stands at the joint-highest it has ever been since records began in 1971. Meanwhile almost 60,000 fewer people are relying on zero-hours contracts…

The unemployment rate has plummeted too, with as low levels not being since since the end of 1974. Unemployment fell by 100,000 over the course of the year, meaning every day 274 unemployed people found a job. Meanwhile, wages have risen again by 3.4%, and excluding inflation real wages are up by 1.3%. Despite Brexit, Britain’s jobs miracle continues…

https://order-order.com/2019/02/19/real-wages-rise-employment-surges-unemployment-plummets/

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/february2019

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Post by The Devil, You Know on Tue Feb 19, 2019 9:56 pm

you forgot

"DESPITE BREXIT"

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Post by phildidge on Tue Feb 19, 2019 10:01 pm

Thor wrote:New labour market data from the ONS has revealed that in the last quarter of last year, 167,000 more people became employed. 2018 ended with 444,000 more people in work than a year before. The UK’s employment rate now stands at the joint-highest it has ever been since records began in 1971. Meanwhile almost 60,000 fewer people are relying on zero-hours contracts…

The unemployment rate has plummeted too, with as low levels not being since since the end of 1974. Unemployment fell by 100,000 over the course of the year, meaning every day 274 unemployed people found a job. Meanwhile, wages have risen again by 3.4%, and excluding inflation real wages are up by 1.3%. Despite Brexit, Britain’s jobs miracle continues…

https://order-order.com/2019/02/19/real-wages-rise-employment-surges-unemployment-plummets/

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/february2019

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Post by The Devil, You Know on Tue Feb 19, 2019 10:01 pm

that's better

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Post by Eilzel on Wed Feb 20, 2019 12:11 am

I'm naturally skeptical. This tells us nothing of the longevity or type of jobs people are working. It would also be interesting to see a breakdown in the rise in income and how that is distributed among people on high and low incomes.

Nevertheless, it's good news to have more people working. Let's hope it continues post leaving the European Union Wink

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Post by Vintage on Wed Feb 20, 2019 8:49 am

Where in the UK is this happening?

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Post by Original Quill on Wed Feb 20, 2019 2:47 pm

you forgot:

"INCLUDING INFLATION"

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Post by phildidge on Wed Feb 20, 2019 3:01 pm

Original Quill wrote:you forgot:

"INCLUDING INFLATION"

What inflation?

https://www.theguardian.com/business/2019/jan/16/uk-inflation-falls-to-lowest-level-in-two-years

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