Employment rate hits record high as household spending power rises to two-year high, figures reveal
Employment rate hit 75.8 per cent – the joint highest since 1971.
Vacancies increased by 16,000 to a record of 870,000.
Crucially wages are growing 1.2 per cent higher than inflation – giving Brits their strongest disposable income since 2017.
The number of jobless in the UK fell to 1.36 million – a rate of just 4 per cent and the lowest since 1975.
HOUSEHOLD spending power has reached a two-year high – as the number of people in work hits a record, official figures revealed.
Employment rate hit 75.8 per cent – the joint highest since 1971.
Vacancies increased by 16,000 to a record of 870,000.
Crucially wages are growing 1.2 per cent higher than inflation – giving Brits their strongest disposable income since 2017.
The number of jobless in the UK fell to 1.36 million – a rate of just 4 per cent and the lowest since 1975.
HOUSEHOLD spending power has reached a two-year high – as the number of people in work hits a record, official figures revealed.
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