UK jobs market shows more signs of cooling

Unemployment rate hits near four-year high as wage growth falls – ONS

The Office for National Statistics said the latest official figures showed further signs of a ‘cooling’ labour market. Wage growth has eased back while Britain’s unemployment rate has hit a near four-year high as the UK jobs market falters amid worries over the impact of soaring employee costs for companies. The Office for National Statistics (ONS) said the latest official figures showed further signs of a “cooling” labour market, with average r…

UK jobs market shows more signs of cooling

Britain's jobs market showed further signs of a slowdown as employment fell and growth in wages cooled, according to official data published today that is likely to reassure the Bank of England that inflation pressures are waning.

UK unemployment rate hits 4.5% amid wage slowdown

The UK unemployment rate edged up to 4.5% in the three months to March 2025, the highest level since mid-2021, amid a further slowdown in wage growth and a continued decline in job vacancies, according to figures released by the Office for National Statistics (ONS) today (13 May). The latest data showed the jobless rate rising from 4.4% in the previous quarter, in line with expectations. The employment rate held steady at 75%, while the economic…

UK Wage Growth Slows to 5-Year Low as Unemployment Rises, Squeezing Household Budgets

The UK labor market showed further signs of cooling as wage growth slowed to its weakest pace since late 2023 and unemployment edged upward, according to official data released Tuesday. Annual pay growth excluding bonuses fell to 5.6% in the three months to March, down from 5.9% in the previous quarter and below economists’ forecasts. Including bonuses, earnings grew by 5.5%, with private and public sector pay rises nearly aligned at 5.6% and 5.…

UK unemployment rate rises to 4.5% as labour market begins to weaken

Unemployment rate hits near four-year high as wage growth falls

The Office for National Statistics (ONS) said the latest official figures showed further signs of a “cooling” labour market