Article and photos from hienalouca.com
Wages are growing at their fastest rate in a decade as inflation continues to fall away, new figures on the jobs market reveal today.
Average earnings increased by 3.4 per cent in the year to November, the highest for a decade, outpacing inflation – recorded at 2.1 per cent last week.
The ONS said average weekly earnings, adjusted for price inflation, increased by 1.2 per cent, including bonuses, compared with a year earlier.
Record numbers of people are in work and job vacancies are at their joint highest level since 2001, today’s Office for National Statistics revealed.
Employment increased by 141,000 in the three months to November to 32.5 million, the highest since records began in 1971.
Unemployment also increased, up by