Female employment at all-time high
According to the Office for National Statistics (ONS), the three months from the end of August last year saw 69.9% of 16 to 64-year-old women in work. This compares to 69.1% a year earlier, and the highest female employment rate since records first began in 1971.
Wages, including bonuses, has also risen by an annual rate of 2.8% in the same period. This is the biggest increase since August 2015. Welcome news for many people who have felt their budgets tighten by higher inflation. And as long as consumer spending remains at the same level, it’ll also be a boost to the UK economy.
April 11, 2017