Employment rate in the UK highest since 1975
The Office for National Statistics (ONS) has released figures showing that employment rates rose to 76.2%. The number of people unemployed fell by 13,000, totalling at 32.8 million people in work. The number percentage of women in work has also increased, this is likely due to State Pension age changes.
Unfortunately, wage growth decreased from 3.6% down to 3.5% from July to September. Wage growth slowed likely beecause of to unusually high bonuses paid out in October 2018.
Job vacancies also fell by 20,000 in the last quarter of the year. The ONS estimated that there were 794,000 job opportunities in the UK from September to November.
In October 2019, average pay (before tax) was £509.68 per week.