Surge in UK jobs: 222,000 new roles created in past three months.

The tight UK labour market has forced employers
 to hike salaries. Photo: Lionel Derimais/Getty Images

British companies continued hiring hundreds of thousands of new employees in the November to January period, even with Brexit right around the corner.

New data from the UK’s Office for National Statistics (ONS) showed employers ramped up their hiring at the fastest pace in more than three years during the three-month period spanning 2018 and 2019.

The number of people in work surged by 222,000, pushing the unemployment rate down to 3.9%, its lowest level since 1975. The sharp increase in new jobs handily beat economists’ expectations.

The tight labour market has supported wage growth as companies try to retain their workers, while also recruiting new hires.

By Alanna Petroff.

Full story at Yahoo News.