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The Independent UK
The Independent UK
Business
Holly Williams

Vacancies fall again as private sector wage growth drops below 3% – ONS

Latest figures showed there were 7,000 fewer vacancies in the three months to June at 712,000 (Alamy/PA) -

Job vacancies have fallen back further as under-pressure small businesses rein in hiring in the face of rising costs and higher wage bills, according to official figures.

The Office for National Statistics (ONS) said regular, average, wage growth in the private sector also fell below 3% for the first time since 2020, at 2.9% in the three months to May, down from an upwardly revised 3% in the previous three months.

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