UK Job Market Shows Signs of Softening | Europe News

UK job market shows signs of cooling: private sector pay growth slowed to 2.8% annually, the weakest since October 2020, prompting a slight pound dip. Unemployment held steady at 4.9%, and job vacancies fell to 707,000 — the lowest since late 2014. While overall wage growth (excluding bonuses) remained at 3.5%, the Bank of England is watching closely amid global inflation risks, with markets now betting on fewer future interest rate hikes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4e38827d8ab0b9cd