Wage Growth Slips Back as Jobless Rate Hits Highest Since 2021: ONS

Wage Growth Slips Back as Jobless Rate Hits Highest Since 2021: ONS
Official figures showed signs the jobs market may be stabilising. Alamy/PA
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UK earnings growth has eased back further as the rate of unemployment hit its highest level for more than four years but official figures also showed signs the jobs market may be stabilising.

The Office for National Statistics (ONS) said regular wage growth fell back to 4.7% in the three months to August, down from 4.8% in the previous three months, and hitting a fresh low of more than three years.