The UK labor market continues to show impressive results in the three months to February, as employment rates are rising and wage levels are considerably higher than inflation rates. The number of employees increased by 179,000 to a record high, keeping the unemployment rate at 3.9% – the lowest since 1975, according to the British National Bureau of Statistics.

The employment growth is mainly due to the high number of women entering work – over 140,000.

The basic salary rose by 3.4% YoY, approaching an 11-year high.

The data explains the sustainability of consumer spending, which maintains the growth of the economy as companies reduce investment against the backdrop of Brexit’s continued stagnation.

The tightened labor market conditions are causing concern at the Central Bank of England, but the continuing uncertainty surrounding Brexit is expected to cause bankers to raise interest rates soon.

According to the analysts, the labor market continues to show good vitality against the backdrop of recent data, and despite the many questions surrounding the UK’s exit from the European Union.

The number of people classified as “inactive” who neither work nor seek employment is further diminishing over the period under review, thanks to most women who join the market.

Wage growth, including bonuses, has kept its growth rate at 3.5%, the fastest since 2008.