Wages were up by 3.4%
Official figures show a robust UK labour market despite gloom surrounding the manufacturing industry and the high street.
By John-Paul Ford Rojas
British workers enjoyed their strongest real terms pay rise for more than two years at the end of 2018, official figures show.
Regular wages – excluding bonuses – climbed by 3.4% compared with the previous year in the three months to December, the same as a month before and the highest level since 2008.
When stripping out the impact of inflation they were up by 1.2%, the strongest pace since November 2016.
Labour market data from the Office for National Statistics (ONS) also showed unemployment down by 14,000 to 1.36 million and the jobless rate at 4%.
The employment rate rose to 75.8%, the joint highest rate since records began, and there were 32.6 million people in work, up by 167,000.
The number of unemployed people fell by 14,000
ONS senior statistician Matt Hughes said: “The labour market remains robust, with the employment rate remaining at a record high and vacancies reaching a new record level.
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Source: sky news