24/01/2018
Employment surges as Britain’s economy survives fall in the pound
The number of people in work in Britain rose by 102,000 in the 3 months to November 2017 to a record 32.2 million reveals the Office of National Statistics, confounding a Reuters poll of economists that predicted a fall of 13,000.
Full time jobs accounted for most of the increase, with workers aged 50 to 64 the major beneficiaries of job creation.
While the economy slowed in 2017 as inflation caused by the post-referendum fall in the pound reduced consumers’ spending power, the much bigger slowdown forecast by economists also proved to be wide of the mark.
Workers’ earnings, excluding bonuses, rose by 2.4% pa in the 3 months before November, which was the biggest increase since December 2016. Pay growth including bonuses was unchanged at 2.5%.
ONS statistician, David Freeman, commented,
“With the employment rate returning to a joint record high and the number of vacancies setting a new record, demand for workers clearly remained strong.
“Nevertheless. inflation remains higher than pay growth and the real value of wages continues to decline.”
With it harder and harder to find good members of staff, many companies look to outsource non core functions. CPA can help with your credit management so you can focus on your business.
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
Keep up to date with the latest news by following us on social media:-
Watch the video to find out how CPA can help you!
How to overcome 25 of the most common excuses for non-payment
Click the image to discover step by step advice on how to deal with them!
Discover how to improve your cashflow in 3 steps.
Click the image to find our answer to the question “How can you get paid on time?”
Read our blog – Debt collection agency
Read about our overdue account recovery service
Read our blog – What is credit management?
Read our blog -What is a credit management company?
Read our blog -Credit Management that works!
Read our blog – How to select a debt collection agency
click to see read about our successes
Please call us on 0330 053 9263 to discuss how CPA can help your
cashflow
. Alternatively, either email us or use our contact form.