UK earnings growth slowed to its lowest for more than two years as the rate of unemployment – nationally and in the West Midlands – dropped, according to official figures.
The rate of UK unemployment fell to 4.2% in the three months to June, from 4.4% in the previous three months, the Office for National Statistics has said.
The data found that UK workers saw an average increase of 2.4 per cent once inflation was taken into account. The ONS also said the rate of unemployment was 4.2 per cent over the three months to June, dropping from 4.4 per cent over the previous three months. In the West Midlands, the figure stood at 4.9 per cent for April to June, down from 5.2 in March to May.The statistics body said it reported a broad decrease in unemployment among surveyed Britons over 25.
Ms McKeown added: “However, the medium-term picture remains somewhat subdued with the employment rate still lower than a year ago and the growth rate in the number of payrolled employees having slowed over the year.”The number of vacancies in the UK decreased by 26,000 to 884,000 for the three months to June.
Responding to the latest ONS labour market data, Jane Gratton, Deputy Director of Public Policy at the British Chambers of Commerce, said: "The labour market is continuing to give mixed signals as the number of vacancies declines for the 25th time alongside persistently high levels of economic inactivity and falling unemployment.
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