UK wages slowed to 4.8pct in three months to July

UK Wages Slowed to 4.8% in Three Months to July, ONS Says

Wage growth falls to lowest since 2022 as jobs market continues to falter

The Office for National Statistics said regular wage growth, excluding bonuses, dropped to 4.8% in the three months to July.

UK wages slowed to 4.8pct in three months to July

LONDON: Growth in workers’ pay in Britain, excluding bonuses, slowed to 4.8 per cent in the three months to July compared with a year earlier, the Office for National Statistics said on Tuesday. © New Straits Times Press (M) Bhd

Fewer workers but higher wages – Is this what the UK job market looks like now?

There’s plenty of pessimism about the UK jobs market at the moment, but not every change is a bad omen. With the Autumn Budget still two months away and many firms wary of making big moves, it is not a simple task to predict what comes next. Still, the data we do have points to an emerging pattern of fewer employees on payrolls, but meaningful pay growth for those who remain. We want to help you understand the ways you can adapt your business to…

UK labour market cools: jobs and pay growth slow, says ONS

Britain’s labour market showed fresh signs of cooling in August as payroll employment fell again and the pace of wage growth slowed, according to official figures. The Office for National Statistics (ONS) said the number of people on payrolls dropped by 8,000 to 30.3 million in August, following a revised fall of 6,000 in July. Over the past 12 months, payrolls have contracted by 127,000. The unemployment rate held steady at 4.7% in the three mo…