Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

UK employment data shows welcome good news

Aug 16
Share this story:

There has been good news from the employment market this week, with data from the Office for National Statistics (ONS) showing both employment and wages are up.

According to the organisation, wage growth rose to 3.9 per cent in the year to June 2019, the highest since June 2008 and greater than the 3.8 per cent predicted by analysts in a Reuters poll.

Meanwhile, the estimated employment rate of 76.1 per cent was the joint highest since 1971, with 32.81 million people in employment.

The employment rate for women was the highest on record at 72.1 per cent, while for men it was 80.1 per cent, only just lower than in the previous three-month period.

However, the unemployment rate from April to June did show a slight increase.

Some of the growth in wages was attributed to the timing of annual pay rises for people in the public health sector, as well as to boosts in the national minimum and living wage in April.

When the data was adjusted for inflation, regular pay in real terms went up by 1.9 per cent.

Chancellor Sajid Javid said: "Today's figures are another sign that, despite the challenges across the global economy, the fundamentals of the British economy are strong as we prepare to leave the EU."

Chief economist at Deloitte Ian Stewart commented: "The days of sharply falling unemployment are behind us, but a tight labour market points to further gains in wages and spending power. Despite a second quarter decline in growth, the UK economy still has momentum."

This is likely to be welcome news for economic analysts after data showed last week that the British economy had declined for the first time since 2012.

Although this had not been forecast, it was expected that the economy would show a period of stagnation.

Search for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£40k plus bonus, excell...
Central London - no need for travel an...
Our client is a leading provider of research, data, and strategic advice about the global professional services industry, is seeking an Account Manager to join the sales and marketing team
€60,000 - €130,000+ package plus benef...
Munich, Germany
Our client is a global platform revolutionising market research & knowledge sharing across the business community. Their mission is to accelerate the decision making of our clients by connecting
£100k-£130k plus bonus, bene...
Central London and South-East England
Our client is a global leading Mobile firm with expertise in Internet of Things, and Connected Devices as well.  Why join their team? As the Head of Data - you will be a key member of the
£40k plus bonus, benefits
Central London
Our client is a global platform revolutionizing market research & knowledge sharing across the business community. Their mission is to accelerate the decision making of our clients by
£80k plus bonus, benefits
Central London
Our client is a leader in the use of geo-spatial relational information techniques and research to provide added value insight and research services to the insurance, trading