Wage rates in the UK have slowed and the job market has cooled due to rising inflation.
The latest figures by the Office for National Statistics (ONS) show that unemployment remained the same and wage growth is slowing.
The rate of UK unemployment remained at 4.7 per cent in the three months to June, compared with the three months to May.
Meanwhile real wage growth has slowed to just 1.1 per cent in the three months to June, down from 2.8 per cent in the prior three months to March 2025.
On top of that, the number of people on payroll has one again fallen by over 8,000 in July alone.
