Monday, November 25, 2024

Unemployment rate dips as pay growth slows

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Unemployment rate dips as pay growth slows


The rate of unemployment has fallen slightly and pay growth has slowed, the latest official figures show.

The jobless rate fell to 4% between June and August, down from the previous figure of 4.1%, the Office for National Statistics (ONS) said.

Regular pay, excluding bonuses, grew at an annual pace of 4.9% between June and August.

While that marked a slowdown in pay growth, wages are still rising faster than inflation.

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