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Employment Rate Remains at Record 74.1% While Wages Continue to Rise

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There are now 31.4 million people in work – up 20,000 over the past quarter and 360,000 in the past year.

This growth is being driven by full-time employment, which made up 80% of the annual rise, and there are a near record 751,000 vacancies available in the jobs market.

The figures show that average wages before bonuses grew 2.2% over the last year. The private sector in particular continues to perform strongly with average wage growth before bonuses of 2.5% over the same period.

Work and Pensions Secretary of State Stephen Crabb said:

“We remain in a position of strength, with a record employment rate, wages continuing to grow steadily and three-quarters of a million vacancies available in the labour market.

SOURCE: recruitingtimes.org