Number of people in employment hits record level with almost 30 million in work – but the squeeze on wages continues

Number of people in employment hits record level with almost 30 million in work – but the squeeze on wages continuesMore Britons are in work than ever before as unemployment falls to 7.8%But wages rise by just 1.4% to 472 per week, with inflation at 2.7%'UK is now ahead of international rivals', claims Iain Duncan Smith By Hugo Gye PUBLISHED: 10:17 GMT, 20 February 2013 | UPDATED: 11:01 GMT, 20 February 2013 A huge rise in employment means that there are more people in work than every before, with almost 30million Britons holding jobs, it was revealed today. And the number of people claiming jobseeker's allowance has fallen to its lowest level in nearly two years.