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UK average earnings rise fastest in 10 years

Staff Writer |
Record numbers of people in the UK are in work and average earnings are at their highest level for a decade, new figures reveal.

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Employment increased by 79,000 in the three months to October to 32.4 million, the highest since records began in 1971.

Unemployment also increased, up by 20,000 to 1.38 million after a big increase in the number of men out of work, although the total is still 49,000 lower than a year ago, the Office for National Statistics said.

The UK's jobless rate is now 4.1%, 0.2 percentage point lower than a year ago.

The ONS also reported that average earnings increased by 3.3% in the year to October, accelerating from 3.1% the previous month.

It was the highest figure since 2008 and is more than the latest inflation rate of 2.4%.

The ONS said average weekly earnings, adjusted for price inflation, increased by 1.1%, including bonuses, compared with a year ago.


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