While the statistics showed employment at a record high, a combination of stagnant wage growth and Tuesday's higher than expected inflation figure suggests United Kingdom households will be hit with a fall in their real income.
THE UK's unemployment rate has fallen to a 42-year low as a record number of people are in work, figures show.
The Brexit squeeze on household income has been laid bare as official figures revealed wages rose at a slower pace than inflation for the first time in two and a half years.
On a month-on-month basis, the Headline index increased by 1.60 per cent in April 2017, 0.12 per cent points lower than the rate recorded in March.
Martin Beck, senior economic adviser to the EY ITEM Club, said that "real regular pay fell for the first time since late 2014".
The Bank of England said last week that rising inflation driven by the market turmoil over Brexit was starting to hurt consumers, and wages were failing to keep up. This is on top of rising clothing, auto tax, and electricity prices that affected overall consumer prices.
The number of non-UK nationals working in the United Kingdom increased by 207,000 to a record 3.55 million, meaning 11.1% of all people working in the United Kingdom are non-UK nationals.
Scotland recorded an unemployment rate of 4.4% in the first three months of this year - lower than the rest of the United Kingdom as whole - with the statistics showing employment in the country increased by 5,000.
Among 16 to 24 year olds, the unemployment rate was down from 13.7 per cent of March 2016, to 12.5 per cent. London's FTSE 100 inched up 0.02%, the benchmark Euro Stoxx 50 lost 0.30%, France's CAC 40 fell 0.39%, while Germany's DAX traded down 0.21%.
"Our central expectation is that we do expect wages to pick up and real income growth to turn positive over the course of the next few years and that is during the period of leaving the European Union", said Bank of England Governor Mark Carney.
Figures released on Tuesday showed inflation hit 2.7 per cent in April, its highest since September 2013.
"The big question for every party is - what's your plan to get Britain's wages rising again?" The key measure of wage growth, which excludes bonuses, came in at 2.1 per cent.
A forecast earlier this week from the EY ITEM Club - which uses Treasury economic models - predicted that unemployment would rise to more than 5% next year as the UK's growth slowdown begins to bite.
The Senate's bill sets the consumer sales tax at 6.95 percent, which includes digital products under the sales tax umbrella. As surrounding states already tax telecommunications, such a tax will not adversely affect border counties, she said.
Football Writers' Player of the Year victor N'Golo Kante has set his sights on an unprecedented quadruple for Chelsea next season. But Kante collected more than 65 per cent of the nominations, which were spread over a record number of 17 different players.
In a weird twist on Wednesday, Russian President Vladimir Putin offered to turn over to Congress records of Trump's discussions. Asking Comey to let the Flynn investigation go might not qualify as obstruction of justice , but it dances close to the line .
The description in the purported memo "is not a truthful or accurate portrayal of the conversation between the President and Mr. They're the second and third committees to ask for the Comey's memos after the House Oversight Committee .
Short interest rose 8.2% in the two most recent reporting periods to almost 41 million shares, or 30.5% of ASNA's available float. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
A crowd of people refused to let Richard Rojas continue his violent rampage through Times Square . "He just kept going". The driver has two prior arrests for driving while intoxicated as well as other motor vehicle violations, sources said.
When asked point-blank by a reporter in the Oval Office Thursday if Lieberman was the leading contender, Trump replied, "Yes". After the inteview, The Associated Press said Lieberman described the session as a "good meeting".
The White House counsel was notified after the special counsel order was signed and soon before it was publicly announced. "I believe it hurts our country terribly, because it shows we're a divided, mixed-up, not-unified country", Trump said.
Two security firms - Kaspersky Lab and Avast - said they identified the malicious software in more than 70 countries. However, a USA cyber security firm has named Australia as one of the many countries affected.
UK's Theresa May renews vow to cut immigration below 100000
The platform signals that May is more willing than her predecessor, David Cameron, to let the state intervene in markets. She also confirmed winter fuel payments, which the elderly now receive regardless of need, would be means-tested.
Jimmy Carter urges Trump to push for peace
Talks between Israel and the Palestinians have stalled in recent years - the most recent round fell apart in April 2014. After years of tension with the Obama administration over settlement construction, it seemed that the lid was off.
Maria Sharapova retires in Rome after French Open snub
Sharapova served a 15-month suspension which ended in April after testing positive for meldonium at the 2016 Australian Open . Her ranking rose enough during her return that she can participate in qualifying for the next major tournament, Wimbledon.
Former Fox News chief Roger Ailes dead at 77
News of Ailes' death prompted widespread expressions of shock and grief from numerous political, entertainment and media figures. Four years later, he was a key player in the successful presidential campaign of George H.W.
Trump lashes out at 'greatest witch-hunt in history'
He then called the Russian Federation investigation "the single greatest witch hunt in American political history". Dick Durbin, D-Ill., said on Thursday that Rosenstein knew Comey would be fired before writing the recommendation.
Turkish President Makes Statement On Raqqa Offensive
Given Erdogan's iron-like grip on his government, it is unlikely that his security detail would have acted without direct orders. Seconds later, men in suits working in some capacity for the Turkish government go after the protesters.
Tottenham's Alli plans to continue enjoying 'journey'
Harry Kane expects Tottenham's "family" to stay together next season and says there are few better clubs in the world to play for. Once again the Spurs fans got behind the current team on Sunday and roared them on to a comfortable victory over United.