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  /  Economy   /  Revealed: More Brits in work, and wages are at three-year high

Revealed: More Brits in work, and wages are at three-year high

It seems like all economic news is always bad.

But today two pieces of good news relating to the UK economy were released, concerning record-numbers in work, and wages.

In the three months to February, wages rose by 2.8%, lagging behind inflation at 2.9%.  However, the Office for National Statistics said when wages are compared with their new measure of inflation, including housing costs (CPIH), average weekly earnings rose by 0.2% year-on-year.


Meanwhile, unemployment in the period fell by 16,000 to 1.42 million – the rate of 4.2% is the lowest since the three months to May 1975.

The number of people in work has reached a record high of 32.2 million.