Jobless level is at lowest level since 1974 but pay growth still failing to keep pace with soaring inflation
The number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show, amid concerns over shortages of workers in the UK economy.
The Office for National Statistics said unemployment in the UK fell to 3.5% in the three months to August from a previous level of 3.8%, dropping to the lowest level since February 1974.
Continue reading…Jobless level is at lowest level since 1974 but pay growth still failing to keep pace with soaring inflationThe number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show, amid concerns over shortages of workers in the UK economy.The Office for National Statistics said unemployment in the UK fell to 3.5% in the three months to August from a previous level of 3.8%, dropping to the lowest level since February 1974. Continue reading…