UK real wages no longer falling, but jobless rate rises to near two-year high

United Kingdom News News

UK real wages no longer falling, but jobless rate rises to near two-year high
United Kingdom Latest News,United Kingdom Headlines
  • 📰 Observer_Owl
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

The Office for National Statistics said average regular weekly earnings growth remained at a record high of 7.8 in the three months to July.

It will come as a relief to cash-strapped households who have struggled amid a lengthy cost-of-living crisis, with regular wages having trailed behind inflation for nearly two years.

The latest figures showed that the rate of unemployment lifted to its highest level since July to September 2021, at 4.3% in the three months to July, up from 4.2% in the previous three months, as the number of unemployed rose 159,000 quarter-on-quarter to 1.5 million. And more timely figures show the number of workers on UK payrolls edged 1,000 lower to 30.1 million last month.TUC general secretary Paul Nowak said the Government “is in denial”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Observer_Owl /  🏆 18. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK real wages no longer falling as earnings growth remains at record rateUK real wages no longer falling as earnings growth remains at record rateThe Office for National Statistics said total pay including bonuses jumped by 8.5.
Read more »

UK real wages no longer falling as earnings growth remains at record rateUK real wages no longer falling as earnings growth remains at record rateThe Office for National Statistics said total pay including bonuses jumped by 8.5.
Read more »

Wage growth outstrips inflation for the first time in 18 monthsWage growth outstrips inflation for the first time in 18 monthsAverage regular earnings growth remained at a record high of 7.8 per cent in the three months to July, the Office for National Statistics (ONS) said.
Read more »

Jeremy Hunt says 7.8% wage growth 'heartening' and UK must 'stick to plan' on inflationJeremy Hunt says 7.8% wage growth 'heartening' and UK must 'stick to plan' on inflationThe Office for National Statistics (ONS) said average regular weekly earnings growth remained at a record high of 7.8 per cent in the three months to July
Read more »

Record wage growth raises chance of interest rate hike next week, experts warnRecord wage growth raises chance of interest rate hike next week, experts warnThe Office for National Statistics (ONS) said average regular weekly earnings growth remained at a record high of 7.8 per cent in the three months to July
Read more »

Pensioners set for income boost but more could be dragged into tax netPensioners set for income boost but more could be dragged into tax netEarnings figures released by the Office for National Statistics on Tuesday indicate that the state pension could leap by 8.5 next April.
Read more »



Render Time: 2025-02-24 03:06:13