'There were actually fewer unemployed people than job vacancies for the first time since records began.'
There are more job vacancies than unemployed people in the UK for the first time since records began.
At the same time, people moving from job-to-job also reached a record high "driven by resignations rather than dismissals", said the ONS. It meant that wages, when adjusted for the impact of rising prices, dropped by 1.2% - the biggest fall since 2013.Mr Morgan said: "Continued strong bonuses in some sectors such as construction and especially finance mean that total pay is continuing to grow faster than prices on average, but underlying regular earnings are now falling sharply in real terms."
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