The jobs market remains strong, with employment hitting 75.7 per cent, the highest since records began in 1971 Gareth Fuller/PAWages grew at their fastest pace in a decade in the three months to October and the number of people in work has hit a record high, official figures show. Regular pay, excluding bonuses, grew by an average of 3.3 per cent in the period, up from 3.2 per cent in the three months to September, according to the ONS. After adjusting for inflation, real regular wages grew by 1 per cent in the October period, a level not seen since the final quarter of 2016. Wages have now been growing faster than inflation for nine months. After a decade of wage stagnation, analysts said that the tightness of the labour market was finally beginning to drive sustained pay growth and that consistent rises in…

Source: The Times December 11, 2018 12:00 UTC