Rolling coverage of the latest economic and financial news, as total pay jumps by 8.5% in the last year – ahead of inflation
The number of vacancies across the UK fell by 64,000 in the last quarter, as demand for new workers cooled.
That lowered the number of vacancies in June to August 2023 to 989,000.
“This Government’s record on employment is clear; there are one million fewer workless households than in 2010 and the number of people on company payrolls is a near record high. But we are not complacent about the challenges we face, which is why we remain focused on removing barriers to help people find and succeed in work.
“Our £3.5 billion package to deliver more tailored job support combined with our expanded childcare offer will help unlock individuals’ potential and grow the economy.”
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