• Nick Bozhilov

UK wages and employment rise

The UK labour market has grown during the months of December 2018 to February 2019, the Office for National Statistics has announced.

The number of people working has reached a record high and rose by 179,000. The unemployment rate has reached its lowest rate since 1975 to 3.9%.

The ONS recorded a rise in the wages too by 3.4% to 11-year high which has managed to offset the inflation.

This positive findings can explain why consumer spending has kept steady despite lower investment rates and Brexit uncertainty.

#UK #labourmarket #Brexit

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