Loans and Finance

Loans and Finance


News and information about loans, money, debt, finance and business issues.
Powered by

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1 They are out of date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.

No comments:

Post a Comment