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Proportion of jobs that are low-paid falls to record low as wages FINALLY start to pick up after credit crunch
- Proportion of low-paid employee jobs by hourly earnings fell to 17.8%, ONS said
- While average full time weekly earnings rose by 3.5% last year to £569 a week
- Figures are a boost for Chancellor Philip Hammond ahead of next week’s Budget
The proportion of low paid jobs based on hourly earnings has fallen to its lowest level since records began, figures out today reveal.
While full-time wages are growing at their fastest rate since the 2008 financial meltdown, according to the Office for National Statistics (ONS).
The figures suggest that after many years of squeezed wages, hard-pressed families are finally getting a boost to their bank balances.
And it will be welcomed by Chancellor Philip Hammond as he comes under mounting pressure to turn the public spending taps on in next week’s Budget.
The figures show the proportion of low-paid employee jobs by hourly earnings fell to 17.8 per cent – the lowest since the series began in 1997.
Nearly half (44.3 per cent) of staff working in the sales and customer services industry are classified as low paid.
While a third (32.1 per cent) in the caring and leisure sector are also in the low pay bracket.
And over half (51.4 per cent) of people in jobs known as ‘elementary occupations’ – including cleaners and kitchen staff – are on low pay, the numbers how.
The proportion of low paid jobs based on hourly earnings has fallen to its lowest level since records began, figures out today reveal (pictured)
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While average full time weekly earnings rose by 3.5 per cent last year to £569, the figures show.
And workers who stayed in their jobs saw their pay packet grow by a bigger 5.2 per cent.
ONS earnings expert Roger Smith said: ‘Average weekly pay for full-time employees is now increasing at its fastest since the financial crisis, in cash terms, with hourly pay rising fastest among lower-paid occupations.
‘However, after taking account of inflation, earnings are still only where they were in 2011, and have not yet returned to pre-downturn levels.
‘The gender pay gap fell to 8.6 per cent on our headline measure, its lowest ever.
‘But it isn’t the same for everyone – it’s close to zero for employees aged under 40, but widens for those who are older.’
While full-time wages are growing at their fastest rate since the 2008 financial meltdown, according to the Office for National Statistics (ONS)
Workers in London tend to earn the most – with the capital having the largest number of high paid jobs at 43.1 per cent.
Those working in the City of London have the biggest salaries, raking in £1,054 a week.
Wales has the lowest proportion of high paid jobs at just 18.4 per cent, the numbers show.
Northern Ireland has the highest proportion of low paid jobs at 23.5 per cent, followed by the North East at 21 per cent.
The gender pay gap fell to 8.6 per cent in 2018, down from 9.1 per cent in 2017 – this is for median full-time hourly pay excluding overtime.
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