Mims Davies

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wages continue to grow at a high rate and employment remains at a record height,

the result, without bonuses, grew at an annual pace of 3. 8% in the may to July period, down slightly from the previous reading.

Including bonuses, wages rose at an annual pace of 4% - the highest since mid-2008.

The unemployment rate dipped to 3. 8%, while the estimated employment rate remained at a record 76. 1%.

this article from the University of Cambridge.

The Number of jobs available has come to the lowest level since November 2017, with David Freeman from The Office for National Statistics (ONS), namely: "vacancies are falling back further from recent record highs, with much of this decline in the small business sector. "

He added: "The Employment rate has remained relatively constant at a joint record high for a few months now, while the unemployment rate was last lower at the end of 1974.

"Including bonuses, wages now growing at 4% per year in a money-for the First Time since 2008. Once adjusted for inflation, you now have been above 2% for the First Time in almost four years. "

If you prefer, "half full", you will be glad to know that in the three months from may to July, the ONS recorded the fastest increase in wages (including bonuses) for More Than 11 years.

If you have any more "half-empty" allows you to keep in mind that if you remove to pay for the effects of inflation, including the bonuses, is Still £23 Less than it was More Than 11 years ago.

Similarly, a half-full view would note that the unemployment to a new record of 32. 8 Million People. A half-empty, you might say, it is always a good thing, that more women must now work, in the ' 60s, because they claim The State pension

There is No Doubt that the labour market is tighter - tighter than it was a year ago - and the employees benefit, especially in sectors such as construction, where there is a shortage of work.

Some of the tightness, however, the relief can now, with the points drop from their recent record highs, etc.

It was a total of 32. 78 million people over the age of 16 or more in employment. The increase in employment was mainly due to more women in work, said the ONS, which is, among other things, The Rise in The State pension age, meaning Less in the rest between the ages of 60 and 65.

It was an increase of 284,000 women employed in the course of the year to a total of 15. 52 Million Euros. To reach male employment increased by 86,000 17. 26 million Euro, mainly due to the rising number of self-employed.

However, The Number of people between the ages of 16 and 64 are economically inactive has risen more, an increase of 6,000 to 8. 59 Million Euros.

Minister of labour, Mims Davies , said the figures indicated the job market is "booming", and added that it was "particularly pleasing to see continued record-employment of women". And the Chancellor, Sajid Javid , said the wage data showed that "people all over the country to take home more each week".

But Shadow Work and pensions Secretary Margaret Greenwood said: "The slowdown in job creation is a Problem, with the current uncertainty about Brexit, and the average of the numbers Still not back to The Level of 2008.

"For millions of people, which is the reality of the work of the low pay and uncertainty. "

Debapratim De, UK economist at Deloitte, warned, "the Glory Days of the rapidly-declining unemployment could be behind us".

He added that the illustrated values "a tight labour market and further gains in the purchasing power of the consumer".

And Samuel Tombs , chief UK economist at Pantheon macroeconomics, said: "The renewed decline in unemployment is distracting from an otherwise disturbing, the labour market report.

"Brexit uncertainty has undoubtedly set the company drained, the enthusiasm for new workers, but sharply rising unit labour costs also plays a role. "

However, PwC economist Jing Teow said, evidence of continued employment growth, together, "reinforces our view that the UK should avoid a technical recession in the third quarter".

He added that the accounting giant predicted "potential GDP growth of 0. 4% in the third quarter of 2019. This would More Than reverse the 0. 2% decline in GDP in the second quarter".

office for national statistics, uk economy, personal finance, unemployment, pay, employment

Source of news: bbc.com