Figures released by the ONS today show that the number of people in employment has reached 32.5 million, another record high
The unemployment rate remains at 4.0 per cent, the lowest the lowest that it has been since the mid-1970s while average earnings grew at a rate of 3.4 per cent over the year to November 2018 in excess of the rate of inflation which stands at 2.3 per cent.
Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million.
ONS head of labour market David Freeman said: “The number of people working grew again, with the share of the population in work now the highest on record.
“Meanwhile, the share of the workforce looking for work and unable to find it remains at its lowest for over 40 years, helped by a record number of job vacancies.
“Wage growth continues to outpace inflation, which fell back slightly in the latest month.”
Meanwhile the government borrowed £28.9 billion in 2018, the lowest annual total since 2002, although at £3bn in December, it was higher than expected and up £300m from the same month a year earlier.