- Analytics
- News and Tools
- Market News
- UK: average earnings growth accelerated sharply from March to May
UK: average earnings growth accelerated sharply from March to May
According to the report from Office for National Statistics, from March to May the UK employment rate was estimated at 76.0%, higher than a year earlier (75.6%); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018.
The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974. For March to May 2019, an estimated 1.29 million people were unemployed, 116,000 fewer than a year earlier and 820,000 fewer than five years earlier. Looking in more detail at this fall of 820,000 unemployed people over the last five years:
people unemployed for up to six months fell by 246,000 to 766,000
people out of work for between 6 and 12 months fell by 160,000 to 187,000
the largest fall was for people unemployed for over one year (down 414,000 to 340,000)
Estimated annual growth in average weekly earnings for employees in Great Britain increased from 3.2% to 3.4% for total pay (including bonuses) and from 3.4% to 3.6% for regular pay (excluding bonuses).
In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
