Hey The level of employment among people aged 16 to 64 years increased by 0.1 percentage point to 75.8%, while the proportion of economically inactive people decreased by 0.1 percentage point to 20.8%.
According to the Office for National Statistics, the number of job vacancies fell by 49,000 to 934,000 in the three months to December, marking the 18th consecutive period of decline and the longest streak ever recorded.
Average regular income, excluding bonuses, rose 6.6% in the three months through November, compared with 7.2% in the previous three months, according to the agency.
Despite this decline, wages rose by 1.4% in real terms, after adjusting for inflation, according to the Office for National Statistics.
“The overall picture remains stable globally,” said Liz McKeown, director of economic statistics at the Office for National Statistics.
“Job vacancies decreased again, with the trade sector recording the largest decline, but the total number of vacancies remains higher than the pre-pandemic level,” he stated.
British Finance Minister Jeremy Hunt said it was “encouraging to see real wages rise for the fifth month in a row,” and noted that the recent cut in workers' social security contributions “puts more money in their pockets.”
Read also: Annual inflation in Germany rises to 3.7% in December
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Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
