Salaries rise as job vacancies continue to decline

Salaries rise as job vacancies continue to decline

According to the latest official data, wage growth has increased for the first time in more than a year.

The Office for National Statistics (ONS) said regular wages, which do not include bonuses, rose at an annual pace of 5.2% between August and October.

The number of job vacancies in the UK fell again, but still remains above pre-pandemic levels.

The unemployment rate was unchanged at 4.3%, although there are questions about the reliability of the ONS jobs figures due to issues with the way the data is collected.

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