9-in-10 New jobs go to Brits

 

Nearly all new jobs created in the United Kingdom since the 2016 European Union (EU) membership referendum have gone to British workers.

The number of EU nationals who joined the British workforce — either getting a job in Britain for the first time, or returning to work after a period of absence — was 35,000 since the 2016 Brexit referendum.

This is less than a tenth of the number who joined in the two years running up to the vote, when the figure stood at 410,000.

In that period, nearly half of new jobs went to EU citizens, but now they account for around 1-in-20, according to The Telegraph.

Minister of State for Employment Alok Sharma said of those now joining the workforce: “since the referendum there have been over one million more people in work in the UK, up to a record 32.7 million in February 2019.”

“Employers are clearly already adjusting to lower immigration from the EU, and it is UK workers who have filled in the gaps – accounting for around nine in ten of new people in work since 2016, compared to half of the people entering work in the two years before.”

Despite wild claims during the Brexit referendum that merely voting to leave the European Union would cause an “immediate and profound shock” to the British economy, the country has instead enjoyed a period of economic good news, showing former Chancellor of the Exchequer George Osborne’s gloomy Brexit predictions to be out by around £100 billion.

This rise in employment, coupled with a higher number of job vacancies becoming available, has seen stronger wage growth at 3.5 percent, meaning earnings are outpacing inflation at 1.8 percent, leaving the average worker with more money in his pocket. The largest proportional wage rise came for the lowest paid, and the number of people in the lowest paid jobs is now at the lowest level since 1997.


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