Wages still rising but gap is starting to narrow with inflation
Summary by britishchambers.org.uk
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Vacancies Still Falling As Wages Outpace Inflation - 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: “This data suggests some loosening in the jobs market with vacancies staying below pre-pandemic levels and unemployment nudging up, but wage growth including bonuses remains strong. “Although the pace of salary increases has slowed, they are still significantly above inflation.…
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