Government Faces Key Economic Week as Unemployment Declines and Wages Increase for the Sixth Consecutive Time
Article: Unemployment rates in the UK have dropped, and wages have risen for the sixth consecutive time according to official data. The Office for National Statistics (ONS) reported that the UK unemployment rate decreased to 3.8% for the three months leading up to December from 3.9% in the previous three months. The average regular earnings growth slowed to 6.2% within the same period, although it rose by 1.9% in real terms after considering inflation. Despite the encouraging figures, the ONS also noted an increase in the number of people on long-term sick leave and a decrease in job vacancies. However, an overall slowing in the trend is evident by the figures.
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