Everything you need to know about the latest minimum wage changes
The rate of unemployment fell to 4% in the three months to August 2024, which is below estimates of a year ago.Meanwhile, the estimated number of job vacancies in the UK decreased in July to September 2024, by 34,000 in the quarter to 841,000.
The ONS also said average regular earnings growth eased back to 4.9% in the three months to July, down from 5.1% in the previous three months.David Freeman, head of the ONS labour market and household division, said: “Pay growth slowed again, with last year’s one-off payments made to many public sector workers continuing to affect the figures for total pay.Another US fast food chain to open first UK locationLast month the figure, which helps measure the cost of living, was held 2.
Many Brits are not feeling hopeful for the winter as they gear up for what is predicted to be a painful budget for their wallet.Alice Hayne, personal finance analyst at Bestinvest by Evelyn Partners, the wealth manager, said Budget speculation may be "creating anxiety" for consumers.
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