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Brexit Schmexit - Do We Really Care Any More? - Employment Up Wages Up

13th August 2019

There can be little doubt almost everyone is bored witless by Brexit and it will affect many things. For now a stream of great stats keep coming out form the Office for National Statistics on jobs and wages.

"Employment continues to increase, with three-quarters of this year's growth being due to more women working. However, the number of vacancies has been falling for six months, with fewer now than there were this time last year.

"Excluding bonuses, real wages are growing at their fastest in nearly four years, but pay levels still have not returned to their pre-downturn peak."

Earlier this year ONS revamped the presentation of the labour market package, with an overarching summary bulletin and three subsidiary ones looking at employment, unemployment and inactivity; jobs and vacancies; and earnings, replacing the previous single bulletin.

In the three months to June 2019, employment increased by 115,000 to reach a record high of 32.81 million and unemployment increased by 31,000 to 1.33 million.

The employment rate for women increased to reach a record high of 72.1% in the three months to June 2019.

The number of non-UK workers increased, driven by the number of workers with European nationalities.

Total average weekly pay grew by 3.7% in the year to June to reach £538, and regular average weekly pay grew by 3.9% to reach £505 over the same period.

Oh yes and remember stats do not reflect everyone's position.

If you like drowning in charts and stats look HERE