Adzuna co-fonder comments on ONS figures
Hunter said, “This morning’s figures signal a new dawn for the UK economy. We’ve seen continual growth across each quarter for the first time since 2007, which has unlocked more jobs and allowed unemployment to fall consistently for the last 6 months. But a 1.9% annual growth is still some way off the pre-downturn peak of 2008, and despite the brightening economic mood, there are still some clouds lingering on the horizon.
“Growth levels across different industries reveals more of a mixed bag. Although the services sector steamed ahead, the construction sector actually shrunk in the last quarter, while production and agriculture remained fairly static. In addition, our jobs data reveals that while the number of vacancies in the UK has grown in the past year, advertised salaries have actually fallen. With no immediate signs of this changing, the decline is real wages remains a thorn in the side of our economic recovery, affecting families the length and breadth of the country.”