Money (20)

Average wages in the UK grew at the fastest pace for 11 years in June, according to the Office for National Statistics (ONS).

The ONS said wages rose 3.9% in June, the fastest increase since before the financial crisis began in 2008. And with inflation steady at 2% in June, workers saw a real-term pay rise of 1.9%.

Meanwhile, the UK’s unemployment rose slightly to 3.9% in the three months between April and June. The employment rate, however, remained at its record high of 76.1%.

The ONS said June’s increase in wages came largely as a result of the larger-than-usual pay rises for public sector workers being deferred to July.

ONS deputy head of labour market statistics Matt Hughes said: “Employment continues to increase, with three-quarters of this year’s growth being due to more women working. However, the number of vacancies has been falling for six months, with fewer now than there were this time last year.”