Wage Growth Slows but Still Beats Inflation as Job Vacancies Decline
- Wage growth slowed to 6.2% but still outpaces inflation
- Number of job vacancies fell for the 19th month in a row
- Unemployment rate dropped to 3.8%, the lowest since early 2023
- Inactivity rates remain high, with more people long-term sick
- Possible signs of weakness in the jobs market ahead of 2023 election
