Household incomes have risen to a record high and income inequality – the gap between the richest and poorest – remains lower than in 2010. The average household now takes home a record £481 a week, which means, on average, households are seeing an extra £300 added to their income every year, compared to 2014/15.
The latest labour market statistics published by the Office for National Statistics today (15 March) have revealed that the unemployment rate in Wales remains lower than the UK average, which itself is at its lowest since June to August 1975. The employment level in Wales has increased by 11,000 over the year. The statistics show:
The Office for National Statistics (ONS) has confirmed that employment continues to run at a record high rate of 74.6%, with 31.85 million people in work – an increase of 315,000 on the year and more than 2.8 million since 2010. The rise in employment continues to be driven by full-time work. Meanwhile, average weekly