Unemployment continued to fall in the last quarter, but wages are now increasing at a level below inflation for the first time since 2014, according to figures from the Office for National Statistics.
The figures for January to March show unemployment has fallen to 4.6% with 122,000 more people in work than in the previous quarter.
Average weekly earnings for employees in Great Britain increased by 2.4% including bonuses, and by 2.1% excluding bonuses, compared with a year earlier. These figures are not adjusted for inflation. Estimates for average weekly earnings adjusted for inflation show an increase of 0.1% for salaries including bonuses and a fall of 0.2% for those excluding bonuses, compared with a year earlier.