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UK Wage Growth Slows Amid Cooling Labor Market

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

UK wage growth eased in the third quarter and vacancies declined further reflecting the loosening labor market conditions, data from the Office for National Statistics showed on Tuesday.

Excluding bonuses, regular pay growth was 7.7 percent in the three months to September, in line with expectations but slower than the revised 7.9 percent rise in the period through August.

Although this was slightly down on the previous periods, it remains among the highest growth rates since records began in 2001, the ONS said.

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