13 Jun, 2013

Slow wage growth

Commenting on the latest employment figures released by the Office for National Statistics today which show unemployment fell and employment numbers rose over the past three months, REC CEO Kevin Green says:

“This month’s figures support our own job market indicator which shows that growth in permanent employment is at a six month high. Four hundred thousand more people are in employment now than this time last year, proving the resilience of the UK’s labour market.

“Even though salaries haven’t risen above inflation yet, we are seeing starting salaries starting to go up, especially in high growth sectors such as engineering and IT. While workers are inevitably feeling the pinch, it’s better for people, as well as for the economy, to be in a job with slow wage growth than struggling on benefits.”
Credit: rec.uk.com

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