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%.
Diese Geschichte stammt aus der July 19, 2024-Ausgabe von The Guardian.
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Diese Geschichte stammt aus der July 19, 2024-Ausgabe von The Guardian.
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