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Birmingham Post
Birmingham Post
Business
William Telford

South West jobs market recovers but wage growth lags behind inflation

The South West jobs market is continuing to recover with a huge drop in the number of people claiming benefits - but wages lag behind soaring inflation.

Latest figures from the Department for Work and Pensions show 108,397 people were claiming Universal Credit in the region, a 36% drop from a year earlier when the Covid lockdowns were having a major effect.

But though the figure is down by 59,797 year on year, it is still 33,5325 more than five years ago - possibly because of a decline in the number of self-employed people.

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