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The Guardian - UK

Business

Larry Elliott Economics editor

UK jobs market dodges hit from economic slowdown

Office for National Statistics United Kingdom Inflation Unemployment Unite

Shoppers in Oxford Street, London, as the first Christmas lights are switched on — Shoppers in Oxford Street, London, as the first Christmas lights are switched on. The ONS said annual growth in regular pay – which excludes bonuses – was 7.7% in July to September 2023. Photograph: Anadolu Agency/Anadolu/Getty Images

Britain’s labour market has so far emerged largely unscathed from the slowdown in the economy, the latest official figures show.

The latest health check from the Office for National Statistics found the jobless rate broadly unchanged, a small fall in employment and the strongest rise in pay adjusted for inflation in two years, as the pace of prices rises comes down.

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