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Full-time employment is on the rise in the UK [Image: SolStock/Getty Images].

I have a doubt about this employment miracle the Tories claim.

We’re told employment is at its highest rate on record, but wage rises are below inflation, and what is the tax take?

If the Treasury isn’t in receipt of more money, then the employment figure means nothing.

We know productivity is lagging behind the other G7 countries.

And what about the factory closures that have recently been announced?

I asked Labour’s Shadow Work and Pensions Secretary, Debbie Abrahams, what it all meant.

She responded:

So we’ll have to wait and see.

Keep an eye on Vox Political. I’ll keep you informed. 

The pressure on employers to find skilled staff appeared to push up wages by more than expected in November as UK job vacancies reached a new peak.

City economists had expected the uncertainty surrounding the Brexit talks to limit wage rises, excluding bonuses, to 2.3%, the same rate as in October, but they increased to 2.4% in the three months to November. The figure rose to 2.5% when bonuses were included.

Vacancies hit the highest level since comparable records began in 2001, up 60,000 on a year earlier at 810,000.

Further indications that the labour market remained in rude health could be found in figures for the total number of people in employment, which hit 32.2 million, the highest on record.

The Office for National Statistics also said the employment rate, which measures the proportion of 16- to 64-year-olds in work, reached 75.3%, a figure that was higher than for a year earlier and the joint highest since comparable records began in 1971.

Source: UK job vacancies and numbers employed both hit record highs | Business | The Guardian


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