British Pay Growth Slows but Labour Market Remains Healthy

Official figures showed the labour market remained healthy, with the employment rate hitting a record high of 73.7% in the three months to September. Unemployment slipped to 5.3%, the lowest rate since mid-2008, before the collapse of Lehman Brothers triggered a global recession. However, the data also showed that earnings growth, which has helped to lift living standards in recent months, has weakened.

Source:: British Pay Growth Slows but Labour Market Remains Healthy

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