Businesses say recruitment presents 'major challenge' as wages outstrip inflation again

Businesses say recruitment presents 'major challenge' as wages outstrip inflation again

Wage growth for UK workers hit 5.9 per cent in the three months to December 2024, up from 5.6 per cent the previous month - putting more money in employees' pockets.

UK wage growth remains high as jobs market slows - Scottish Business News

UK wage growth has remained unexpectedly strong, even as the job market shows signs of slowing. According to the Office for National Statistics (ONS), average weekly earnings excluding bonuses rose by 5.9% in the three months to January 2025. This is well above the current inflation rate, meaning real wages are finally rising after years of being squeezed. The labour market, however, is showing mixed signals. Job vacancies have increased slightl…

Labour market pressures bearing down on firms

Labour Market Pressures Bearing Down on Firms | Northamptonshire Chamber of Commerce

Responding to the latest labour market data, published by the ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said:    “The labour market continues to be a significant pressure bearing down on businesses of all sizes.     “The rising cost of employment is a major challenge for employers.  While wage growth, including bonuses, has eased once again, it continues to significantly outpace inflation. …

Labour Market Pressures Bearing Down on Firms  - British Chambers of Commerce

Responding to the latest labour market data, published by the ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said:  “The labour market continues to be a significant pressure bearing down on businesses of all sizes.   “The rising cost of employment is a major challenge for employers.  While wage growth, including bonuses, has eased once again, it continues to significantly outpace inflation. Adde…