Unemployment down by over 1.1 million
As the challenge to Theresa May's Brexit plan continues, the Department of Work and Pensions, has today released new figures suggesting a significant growth in jobs over the last six months.
The UK's unemployment rate the department states is 4.% and has not been lower since the 1970s and the employment rate remains at a near record high of 75.5%, with 1.15 million fewer unemployed people since 2010.
The UK it says, saw a sixth continuous month of real terms pay increases, with regular wages up by 2.9% in July or 0.5% against CPIH inflation.
The Secretary of State for Work and Pensions, Esther McVey was keen to state today that ' Since 2010, we have delivered significant growth in jobs and in the last 6 months we've seen real terms wage growth....In the EU, we see unemployment rates over double those of the UK...this government is transforming this country into a great working nation...ready and prepared for the future challenges after Brexit'.
The department claims that today's figures also show that older workers continue to find work, as the numbers of those over 50 is at a record high of 10.25 million.
One area of the economy that is facing real challenges however with the potential for knock-on for job losses in the future is the retail sector, with more shoppers choosing on-line. Experts warn that unless retailers can up their in store digital experience, customers will go elsewhere.