UK wages growth remains strong and unemployment declined

10 Sep 2019 11:52 AM

Wage growth in the UK remains strong, accelerating at the fastest pace since mid-2008, as the wage rate excluding bonuses for the May-July period rose to 4%, up from 3.8% in the three months to June.

Unemployment also fell to 3.8% to historically low levels, and the employment rate was unchanged as July's rate was 76.1% and remains the highest since the start of record in 1971.

The unemployment rate was 4% in the same period last year, and the number of people in the labor market was about 32.8 million people.

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