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Wednesday, July 16, 2014

Employment Up, Wage Gap Rises

The Office for National Statistics (ONS) reports that the number of people in employment rose by 254,000 to a record 30.6m between March and May this year, and that unemployment fell by 121,000 between March and May to 21.1M.

The jobless rate for that period stood at 6.5%, close to the 6.4% level of Q4 2008.

However, during the same period of this year, average pay rose by 0.3% whilst CPI rose by 1.5%.

As ever with statistics from the ONS one has to be wary of them:

1 They are out of date

2 They are usually revised.

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