Unemployment down, but wages have fallen behind inflation

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.

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