Wage Growth Slows To 5.7% As Joblessness Rises Over The Year
The Guardian|July 19, 2024
UK wage growth slowed in May to the lowest level in two years amid a cooling jobs market, underscoring the challenge for the Bank of England as policymakers decide whether to cut interest rates.
Richard Partington
Wage Growth Slows To 5.7% As Joblessness Rises Over The Year

Figures from the Office for National Statistics (ONS) show that annual pay growth eased from 5.9% in the three months to April to 5.7% in the three months to May, matching City economists' predictions.

Unemployment was unchanged from 4.4% in April, while the number of job vacancies fell by 30,000, led by dwindling demand in retail and hospitality amid a continued slowdown in hiring across the economy.

After a sharp fall in headline inflation, real wage growth taking into account the rising cost of living has strengthened. Total real pay, including bonuses, rose by 3% on the year in the three months to May. Growth was last higher in the three months to August 2021, when it was 4.5%.

هذه القصة مأخوذة من طبعة July 19, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 19, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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