Wage growth hits 11 year high

Pay has risen at its fastest level for more than 11 years in the three months to July.

Figures from the Office of National Statistics (ONS) showed the annual rate of wage rate at 4%.

That’s an increase on the 3.8% rate reported last month.

It’s the 18th month in a row that wages have outstripped the pace of inflation.

The job figures showed unemployment fell by 11,000 to 1.29 million in the three months to July.

The jobless rate also returned to 3.8% – its joint lowest level since 1975 – following its rise to 3.9% a month ago.

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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