People starting new jobs at lowest level in five years
Summary
The number of people starting new jobs in the UK has dropped to the lowest level in five years. Job vacancies are falling, and wage growth is slow, showing some caution among employers.Key Facts
- Fewer people are starting new jobs, the lowest number in five years.
- Job vacancies continue to decrease, suggesting employers are cautious about hiring.
- The UK unemployment rate fell slightly from 5% to 4.9% between March and April.
- Regular pay, excluding bonuses, grew by 3.4% in the year to April, unchanged from the previous period.
- Wage growth in the private sector is the slowest in over five years.
- Inflation is steady, with food price rises slowing down.
- The Bank of England is expected to keep interest rates steady at 3.75%.
- These figures come before the Bank of England's interest rate decision and reflect a gradually easing job market.
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