Wage growth strong despite continued fall in vacancies

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AJ Bell: Wage growth strong despite continued fall in vacancies - Wealth DFM

Wage growth is up from 5.6% to 5.9%, while vacancy numbers have fallen for a 31st consecutive period. Meanwhile, unemployment holds steady at 4.4%. Danni Hewson, AJ Bell head of financial analysis, comments on the latest UK jobs figures. “It feels like we’re enjoying the calm before the storm. Big black clouds are swirling on the horizon if you factor in all the surveys and data from recruitment agencies which suggests that businesses are cuttin…

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Wage growth strong despite continued fall in vacancies

Business Link Magazine

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Skills shortages keep wage growth strong, says BCC - Business Link Magazine

BCC Deputy Director of Public Policy Jane Gratton says the latest ONS data shows clear signs of a further loosening in the labour market with fewer vacancies, although they remain just above pre-pandemic levels – but she adds: “However, pervasive skills shortages mean firms are competing for talent and wage growth remains strong. “This is […]