| UK wage growth faster than expected. 12:50 - Jun 11 with 3225 views | pickles110564 |
Wage growth beat market and economist expectations in the three months to April.
Pay rose by 3.4% compared with a year ago. After taking inflation into account, wage growth was 1.4%, official figures show.
The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period, the Office for National Statistics said.
The employment rate for women was 72%, the highest on record.
This is after changes to the state pension age leading to fewer women retiring between the ages of 60 and 65.
Matt Hughes, deputy head of labour market statistics at the ONS, said: "With employment growth among women coming from full-timers, the overall gap between men and women in hours worked is now the lowest ever - women now average about three-quarters of men's weekly hours, compared with around two-thirds 25 years ago."
And PwC chief economist John Hawksworth said it was "interesting" that female employment rose by 60,000 compared with the previous quarter, while male employment fell by 27,000.
"This is consistent with a longer-term trend towards a narrowing gender employment gap.
"Male employment is still higher at around 80%, but this is well below its historical highs of over 90% back in the 1970s."
Tej Parikh, chief economist at the Institute of Directors, said: "The buoyant labour market is still going strong for the UK economy, even as it weathers widespread political uncertainty."
Finally some great news! |  | | |  |
| UK wage growth faster than expected. on 13:00 - Jun 11 with 1988 views | StokieBlue |
I was going to post the same link.
Some huge cherry picking from pickles there.
SB |  |
| Avatar - IC410 - Tadpoles Nebula |
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| UK wage growth faster than expected. on 13:02 - Jun 11 with 1977 views | BlueBadger |
| UK wage growth faster than expected. on 13:00 - Jun 11 by StokieBlue |
I was going to post the same link.
Some huge cherry picking from pickles there.
SB |
I also wonder how much of that rise is down to temporary, part-time and zero-hours working as well - it's notable the big growth was in women in employment, who tend to greatly over-represented in those forms of job. |  |
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| UK wage growth faster than expected. on 13:02 - Jun 11 with 1980 views | pickles110564 |
Hopefully we should know soon which direction Brexit (if at all) will take once we get down to the last two standing.
It seems though the only candidate that wanted to Remain never made it to the starting post, Tories are definitely saying their poor EU form was just down to not leaving, they still have their heads in the sand. | | | |
| UK wage growth faster than expected. on 13:04 - Jun 11 with 1960 views | BlueBadger |
| UK wage growth faster than expected. on 13:02 - Jun 11 by pickles110564 |
Hopefully we should know soon which direction Brexit (if at all) will take once we get down to the last two standing.
It seems though the only candidate that wanted to Remain never made it to the starting post, Tories are definitely saying their poor EU form was just down to not leaving, they still have their heads in the sand. |
All the economic predictions are that Brexit, in whatever form it takes, will leave us worse off. | |
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| UK wage inflation greater than expected. on 13:08 - Jun 11 with 1947 views | Guthrum |
There, fixed it for you.
Also, how does that break down by sector, region and pay band? |  |
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| UK wage inflation greater than expected. on 13:12 - Jun 11 with 1928 views | BlueBadger |
| UK wage inflation greater than expected. on 13:08 - Jun 11 by Guthrum |
There, fixed it for you.
Also, how does that break down by sector, region and pay band? |
Now you've done it, I was on shaky ground painting the wider picture now you'll have definitely seen him off with an actual question asking him to show his workings. [Post edited 11 Jun 2019 13:25]
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| UK wage growth faster than expected. on 13:15 - Jun 11 with 1920 views | Swansea_Blue |
It's one of the few good* news stories out there, although apparently one of the underlying reasons is that organisations are prioritising wages as investment nosedives relative to that in the EU.
https://on.ft.com/2MTUcdl
*not good for those women now being forced to work to 65 though, obviously |  |
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| UK wage growth faster than expected. on 13:22 - Jun 11 with 1894 views | Sikamikanico |
| UK wage growth faster than expected. on 13:15 - Jun 11 by Swansea_Blue |
It's one of the few good* news stories out there, although apparently one of the underlying reasons is that organisations are prioritising wages as investment nosedives relative to that in the EU.
https://on.ft.com/2MTUcdl
*not good for those women now being forced to work to 65 though, obviously |
I am surprised this "women working until 65" story is really getting that much attention.
I have not met any woman who was unaware of the rise and in fact most knew about it when it was announced. |  | | |
| UK wage growth faster than expected. on 13:28 - Jun 11 with 1872 views | footers |
| UK wage growth faster than expected. on 13:02 - Jun 11 by BlueBadger |
I also wonder how much of that rise is down to temporary, part-time and zero-hours working as well - it's notable the big growth was in women in employment, who tend to greatly over-represented in those forms of job. |
Many UK businesses have been over-employing recently because of low wages and to increase productivity so they can stockpile ahead of departure. It's never quite what it seems.
That and we haven't actually left yet, of course. |  |
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| UK wage growth faster than expected. on 13:35 - Jun 11 with 1845 views | WeWereZombies |
| UK wage growth faster than expected. on 13:22 - Jun 11 by Sikamikanico |
I am surprised this "women working until 65" story is really getting that much attention.
I have not met any woman who was unaware of the rise and in fact most knew about it when it was announced. |
https://www.bbc.co.uk/news/business-48520176 |  |
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| UK wage growth faster than expected. on 13:40 - Jun 11 with 1822 views | flimflam |
"Women born in the 1950s claim the rise is unfair because they were not given enough time to make adjustments to cope with years without a state pension"
What years without a state pension? Carry on working until retirement the same as men have to.
Selective Equality. |  |
| All men and women are created, by the, you know the, you know the thing. |
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| UK wage growth faster than expected. on 13:42 - Jun 11 with 1815 views | Swansea_Blue |
| UK wage growth faster than expected. on 13:22 - Jun 11 by Sikamikanico |
I am surprised this "women working until 65" story is really getting that much attention.
I have not met any woman who was unaware of the rise and in fact most knew about it when it was announced. |
I imagine it's pretty galling for those who were looking forwards to retirement, only to find they have to do another 5 or 6 years. | |
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| UK wage growth faster than expected. on 13:45 - Jun 11 with 1808 views | J2BLUE |
Only known since 1995 then. I hope it's thrown out of court. |  |
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| UK wage growth faster than expected. on 13:46 - Jun 11 with 1805 views | SpruceMoose |
| UK wage growth faster than expected. on 13:45 - Jun 11 by J2BLUE |
Only known since 1995 then. I hope it's thrown out of court. |
There's that authoritarian streak you keep so well hidden!  |  |
| Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country." | | Poll: | Selectamod |
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| UK wage growth faster than expected. on 13:50 - Jun 11 with 1802 views | Swansea_Blue |
| UK wage growth faster than expected. on 13:45 - Jun 11 by J2BLUE |
Only known since 1995 then. I hope it's thrown out of court. |
Ironically, given the European fascination these days, it was the ECHR that ruled the ages had to be equalised because the old arrangements were unfair to men. Feminism in action. BCWYWF. | |
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| UK wage growth faster than expected. on 13:56 - Jun 11 with 1790 views | Sikamikanico |
| UK wage growth faster than expected. on 13:50 - Jun 11 by Swansea_Blue |
Ironically, given the European fascination these days, it was the ECHR that ruled the ages had to be equalised because the old arrangements were unfair to men. Feminism in action. BCWYWF. |
Re the above, known since 1995. my mum should have retired at 63 and 5/8ths or something like that. Unfortunately she passed away before her 58th birthday.
Plenty of time to plan accordingly and its ridiculous this case is being heard at all. | | | |
| UK wage growth faster than expected. on 13:56 - Jun 11 with 1788 views | footers |
| UK wage growth faster than expected. on 13:45 - Jun 11 by J2BLUE |
Only known since 1995 then. I hope it's thrown out of court. |
Choo choo, it's J2's race to the bottom!
That's it, buh- give the old girls a kickin'! | |
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| UK wage inflation greater than expected. on 14:00 - Jun 11 with 1778 views | pickles110564 |
| UK wage inflation greater than expected. on 13:12 - Jun 11 by BlueBadger |
Now you've done it, I was on shaky ground painting the wider picture now you'll have definitely seen him off with an actual question asking him to show his workings. [Post edited 11 Jun 2019 13:25]
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It was from the BBC, I thought they were accurate with their findings? | | | |
| UK wage growth faster than expected. on 14:00 - Jun 11 with 1776 views | Swansea_Blue |
| UK wage growth faster than expected. on 13:56 - Jun 11 by Sikamikanico |
Re the above, known since 1995. my mum should have retired at 63 and 5/8ths or something like that. Unfortunately she passed away before her 58th birthday.
Plenty of time to plan accordingly and its ridiculous this case is being heard at all. |
The timescale was brought forward wasn't it. I think that's the issue.
Although the real issue here is why we're not adequately planning for retirement and the handling of pension funds, etc. | |
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| UK wage growth faster than expected. on 14:05 - Jun 11 with 1766 views | Sikamikanico |
| UK wage growth faster than expected. on 14:00 - Jun 11 by Swansea_Blue |
The timescale was brought forward wasn't it. I think that's the issue.
Although the real issue here is why we're not adequately planning for retirement and the handling of pension funds, etc. |
looked up my mum's new state pension age and was increased to over 65. admittedly I hadn't needed to check that age for her for the last 8 years.
I would say though that hers would be the same as a man born on the same day so I still don't have an issue with it. Life expectancies are longer.
Statistically, if you make it to 83 you are more likely to survive the next 7 years than not (IHT planning seminar tidbit for you) | | | |
| UK wage inflation greater than expected. on 14:18 - Jun 11 with 1737 views | BlueBadger |
| UK wage inflation greater than expected. on 14:00 - Jun 11 by pickles110564 |
It was from the BBC, I thought they were accurate with their findings? |
Accurate, but not giving the wider picture. | |
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| UK wage inflation greater than expected. on 14:21 - Jun 11 with 1731 views | pickles110564 |
| UK wage inflation greater than expected. on 14:18 - Jun 11 by BlueBadger |
Accurate, but not giving the wider picture. |
Why would they not? Seems strange to me. | | | |
| UK wage inflation greater than expected. on 14:24 - Jun 11 with 1729 views | Guthrum |
| UK wage inflation greater than expected. on 14:00 - Jun 11 by pickles110564 |
It was from the BBC, I thought they were accurate with their findings? |
It's not that I'm doubting the accuracy of your top-line figure, more that I would be interested to know if a significant rise in one or more sectors, regions or pay bands has pushed up the overall average (as I suspect), or whether it is, indeed, a general rise.
Also, on my amendment to the title, it was rampant wage inflation (and demands for even greater increases) which got us into so much trouble in the late 1970s. Damages our international competitiveness when globally competing for manufacturing investment. Potentially leads to greater inflation in the shops, too. | |
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