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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

UK jobs market is cooling despite record pay growth

United Kingdom Samuel Tombs MPC The Bank of England
A staff wanted sign in a shop window
UK job vacancies are down, while unemployment and redundancies are up. Photograph: Bloomberg/Getty Images

After months in which it has defied gravity, a prolonged period of flatlining growth has finally caught up with the UK labour market.

The latest bulletin from the Office for National Statistics shows unmistakeable signs of weakness. Employment and job vacancies were down, while unemployment and redundancies were up.

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