Posted 11/14/2023, 8:04:00 AM
UK Jobs Market Still Tight But Showing Signs of Slowing
- UK unemployment rate unchanged at 4.2% in September, employment rate dropped 0.1 points to 75.7%
- Number of payrolled employees increased by 33,000 in October 2023 to 30.2 million
- Job vacancies fell by 58,000 in 3 months to October, but still well above pre-pandemic levels
- Regular pay growth was 7.7% annually in July-September 2023, down from 7.9%
- In real terms, annual total pay growth rose 1.1% and regular pay rose 1% as inflation started to fall