UK employment edges up but wages still lag soaring inflation amid cost of living crisis

EMPLOYMENT in the UK has risen but Brits' wages are still lagging behind as soaring inflation and a cost of living crisis cripple their wallets.

New data from the Office for National Statistics said almost 32.5million Brits aged 16 and over are currently in work.

The number of UK workers on payrolls rose by 275,000 between January and February to a record 29.7 million, according to the new figures.

Meanwhile, their pay was up 4.8%, just behind inflation which currently is at 5.5%.

Grant Fitzner, chief economist at the Office for National Statistics, said: "The labour market continues to recover from the effects of the pandemic, with the number of unemployed people falling below its pre-pandemic level for the first time and another strong rise in employees on payroll in February.

"Because bonuses have continued at high levels for some workers, total earnings growth just kept ahead of rising prices over the past year, though regular pay has dropped again in real terms."

But inflation continues to rise as the cost of living crisis bites.

It's expected to hit 7% soon, so that means workers won't see their wages stretch as far, as the cost of everything from goods at the supermarket, to bills, goes up.

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