- By Michael Race
- Business reporter, BBC News
Image source, Getty Images
Wage growth slowed again in the UK jobs market but is still outpacing price rises, official figures show.
Pay growth, excluding bonuses, fell sharply from 7.3% to 6.6% in the three months to November.
There are also signs the jobs market is stalling, with the number of vacancies dropping for the 18th time in a row.
Retailers reported the sharpest fall in vacancies despite the sector heading towards the key Christmas trading period.
Several big recruitment companies have recently warned that the jobs market was slowing. Page Group, Hays and Robert Walters said confidence was weak among employers, with Page pointing out that the UK was its worst-performing market with profits down by around a fifth.
Between October and December, the estimated number of vacancies in the UK fell by 49,000 to 934,000, according to the Office for National Statistics (ONS). Five industry sectors fell below pre-Covid levels with the largest drops in vacancies in retail, wholesale, transport,…
