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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

UK jobs market cools again as wage growth slows

Office for National Statistics United Kingdom Inflation Bank of England Threadneedle Street
Female factory worker assembling a bicycle in a factory, working on the frame and wheels.
Unemployment in Britain was unchanged from 4.4% in April, ONS figures show. Photograph: Mint Images/Getty/Mint

UK wage growth slowed in May to the lowest level in two years amid a cooling jobs market, underscoring the challenge for the Bank of England as policymakers decide whether to cut interest rates.

Figures from the Office for National Statistics (ONS) show annual pay growth eased from 5.9% in the three months to April to 5.7% in the three months to May, matching City economists’ predictions.

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