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Employment rate reaches record high
Employment has reached a record high of 74.2 per cent, with over 31 million people in work across the UK.
Official figures from the Office for National Statistics (ONS) show that the unemployment rate now stands at five per cent - the lowest it has been since 2005.
The figures also found that wages before bonuses were up by 2.3 per cent over the past year, with nearly half a million more people in work compared to 2015.
Secretary of State for Work and Pensions Stephen Crabb said: “Secure employment and a decent wage are key to transforming the life chances of people right the way across the country, so I’m delighted to see another strong set of figures this month.
“There are more people in work than ever before and wages are continuing their upward climb, which is great news for hardworking families who have seen a rise in their living standards over the past year.
“Our economic plan is delivering jobs and security right across the UK.”
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