Wages have risen at their fastest pace in 10 years as employment reaches a record high

 

Figures released today show wages have risen at their fastest pace in 10 years as employment reaches a record high, with nearly 32.5 million people currently in employment in total.

In Yorkshire & the Humber, there are 2 592 102 people in work – meaning 210 739 more people have the security of a job since 2010.

 

In Calder Valley, the number of people who are claiming key out-of-work benefits has fallen by 756 since 2010 – an overall reduction of 31 per cent.

 

Craig has welcomed these figures, saying:

 

“These figures show our balanced approach to the economy is working. This is the biggest rise in wages for a decade and with wages rising faster than prices, people’s pay can go further.

 

“It’s excellent to see 210 739 more people in employment in Yorkshire & the Humber since 2010. This means more people have the security of a regular pay packet.

 

“We know there is more to do and through our modern Industrial Strategy we are backing businesses to create more, higher-paying jobs across the whole country.”