The UK's job market is showing signs of deepening trouble, with official figures revealing a continued slowdown in wage growth and unemployment holding at a near five-year high, particularly impacting the retail and hospitality sectors.
According to the Office for National Statistics (ONS), average regular earnings growth dipped to 4.5 per cent in the three months leading up to November, a slight decrease from 4.6 per cent in the prior quarter and marking the lowest rate since April 2022.
