WAGES RISE UK wage growth faster than expected


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