google-site-verification: googlec7193c3de77668c9.html

Pay growth jumps for first time in over a year as vacancies fall

The unemployment rate was unchanged at 4.3%, although there are questions over the reliability of the jobs figures from the ONS due to issues with how it gathers the data.

“After slowing steadily for over a year, growth in pay excluding bonuses increased slightly in the latest period driven by stronger growth in private sector pay,” said Liz McKeown, director of statistics at the ONS.

There are signs that the jobs market is continuing to weaken, with the number of job vacancies falling by 31,000 to 818,000 in the September-to-November period.

Work and Pensions Secretary Liz Kendall said: “Today’s figures are a stark reminder of the work that needs to be done.

“To get Britain growing again, we need to get Britain working again – so people have good jobs which pay decent wages and offer the chance to progress.”


Source link

See also  Bank of England to cut interest rates in August, economists forecast | Business News

Check Also

Stifling heat and broken toilets: TUI River Cruise passengers tell of their holiday hell

Dozens of people have accused TUI River Cruises of operating vessels with faulty facilities including …

Millennials are struggling to buy a home – but is it actually getting easier?

Twenty-somethings are much less likely to own a home than previous generations. But data suggests …

Millennials are struggling to buy a home – but is it actually getting easier?

Twenty-somethings are much less likely to own a home than previous generations. But data suggests …

Leave a Reply

Available for Amazon Prime