Brexit is having a significant impact on the jobs market in the UK, with the latest unemployment report showing a record decline in the number of workers from other EU countries in the UK.
However, more UK nationals are now working in the UK, and the number of people born outside the UK working in Britain has risen.
According to the Office for National Statistics, UK nationals working in the UK increased by 448,000 to 29 million, while the number of non-EU nationals working in the UK increased by 34,000 to 1.24 million.
EU nationals working in the UK fell by 132,000 to 2.25 million (the largest annual fall since comparable records began in 1997).
Pawel Adrjan, economist at jobs site indeed.com, remarked that UK firms are being forced to raise wages because labour is in shorter supply, with many EU workers leaving the country.
Meanwhile, the Institute of Directors say the pool of labour talent is shrinking with business leaders finding it more and more difficult to fill openings as the pool of available talent shrinks.
“We’re unlikely to be entering a ‘new dawn’ for persistent wage growth just yet, as firms are facing ongoing struggles investing in their productivity.”