British wages swelled by 3.9% per year in the last three months, as the number of people in work hits a new record
- Latest: UK wage growth beats forecasts
- Employment total rises to record high over 32 million
- But unemployment rate rises to 3.9%
- Vacancies drop, but more women in work
The ONS has also spotted that the number of UK workers on zero-hours contracts has jumped in the last quarter, to 896,000.
That’s up from 791,000 a year ago, and close to the record high recorded in 2016 — before concerns grew that people were being exploited by not being promised guaranteed work.
“It’s no surprise zero-hours contracts are rising when ministers have failed to trial down on unfair employment practices. The government must ban zero-hours contracts so that all workers can have solid jobs with full workers’ rights.”
Today’s jobs report could calm fears that Britain is heading into recession, having shrunk by 0.2% in April-June.
Ian Stewart, chief economist at Deloitte, says:
“The days of sharply falling unemployment are behind us, but a tight labour market points to further gains in wages and spending power. Despite a second quarter decline in growth, the UK economy still has momentum.”