Wages have been growing in real-terms since February 2018, according to the latest figures from the Office for National Statistics (ONS).
Real total pay has grown by 1.2 per cent in the last year, while private sector employment has increased by 287,000. The figures also revealed that unemployment had fallen by 112,000 in the last year and unemployment remains at 3.8 per cent – its lowest since the 1970s.
Women have particularly benefited from this employment growth, with 195,000 entering the workforce in the last year, having benefited from the rise in higher-skilled and higher-paid jobs.
“With wage growth increasing pace on last month, outstripping inflation for the 15th month in a row, and record high female employment – the government’s focus on pro-business policies and balanced economic management is delivering opportunity for all,” commented Employment Minister Alok Sharma.
