The employment rate is at a joint record high of 75.7 per cent, while regular pay is up 3.3 per cent on the year.
The latest figures from the Office for National Statistics have been welcomed by the Minister of State for Employment, Alok Sharma, who said the latest figures highlighted the “enduring strength” of the jobs market.
The statistics, from August to October 2018, showed there were 32.48 million people in work in the UK, more than ever before. The unemployment rate was also at a near record 40 year low at 4.1 per cent.
Pay rates were also shown to be rising, with real wages up for the ninth month in a row – its fastest growth in almost a decade.
“Today’s statistics show the enduring strength of our jobs market, with wages outpacing inflation for the ninth month in a row and employment at a record high,” said Minister of State for Employment Alok Sharma.
“This is benefitting people across the country, with almost 400,000 more people in work in the last year. Putting more money in the pockets of working families, and showing the UK remains a great place to invest and do business,” he added.
The statistics also revealed that three quarters of jobs created since 2010 are full-time, permanent roles that are in higher skilled occupations, which typically bring higher earnings.
