British worker are getting the biggest pay rises in a decade, as jobless rate remains at 44-year low. But the market may be cooling….
- Self-employment rises as gig economy booms
- Basic pay growth jumps to 3.6%, highest since 2008
- Wages rising faster than inflation amid skills shortages
- Minister: Labour market is resilient
- Introduction: Why UK jobs report matters
TUC general secretary Frances O’Grady is urging the government not to be complacent about the labour market:
“Wage growth is still below pre-crisis levels. Today’s figures are little consolation for workers still feeling the effects of the longest pay squeeze for 200 years.
“Working people are facing huge uncertainty. With the Bank of England expecting growth to flatline, the government must act to support the economy.
Real wages are continuing to grow modestly, but after a decade-long pay squeeze that’s costs workers thousands, modest real wage growth isn’t enough. pic.twitter.com/LdRYN2eoLr
New @ONS stats show that:
– the employment level is at a record high
– there are 3.7m more people in work than in 2010
– wages have grown faster than inflation for almost a year
– female unemployment has fallen to a new record low of 3.6% pic.twitter.com/V9C5NMXW9l