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Evening Standard
Evening Standard
Business
Holly Williams

Wage growth tumbles to lowest level for more than five years – ONS

Office for National Statistics
Regular earnings growth fell back to 3.8% in the three months to January, the Office for National Statistics said (Alamy/PA) -

Wage growth has fallen to its lowest level for more than five years as the jobs market remained under pressure at the start of the year, official figures have shown.

The Office for National Statistics (ONS) said regular earnings growth fell back to 3.8% in the three months to January, down from 4.2% in the previous three months and marking the lowest level since November 2020.

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