UK wages grow at their strongest rate since October to December 2008.
Wages, excluding bonuses, increased by 3.1% in the three months to August, compared to a year ago.
Regular pay, in real terms (adjusted for inflation), increased by 0.7%. The annual growth rate has not been higher since October to December 2016
Average total pay in August, including bonuses but before tax and other deductions, was £523 per week in nominal terms, up from £508 per week a year earlier.
UK unemployment remains at record low
Meanwhile, the UK unemployment rate remained at its record low of 4.0%; its lowest rate since the mid-1970s. There are currently 32.39 million people in work, with 1.36 million classed as unemployed.
David Freeman, the Office for National Statistic’s (ONS) head of labour market, said: “People’s regular monthly wage packets grew at their strongest rate in almost a decade, but, allowing for inflation, the growth was much more subdued.
“The number of people in work remained at a near-record high, while the unemployment rate was at its lowest since the mid-1970s.”