Private sector wage growth slips below 3% as vacancies fall 7,000 – ONS
UK private sector regular wage growth dipped to 2.9% in the three months to May, its lowest since 2020, while job vacancies dropped by 7,000 in the quarter to June. Small businesses are pulling back hardest on hiring, but unemployment held at 4.9%. For HR leaders, the cooling market signals a shift toward strategic retention and non-pay rewards.
Source: standard.co.uk · bournemouthecho.co.uk