9 Hrs
Source:
The Guardian
UK firms reduce job openings as Burnham seeks living standard improvements
UK job vacancies decreased to 712,000 in the three months to May, nearly half of the 2022 level, indicating a fragile labor market amid economic uncertainty. Unemployment remained steady at 4.9%, with private sector earnings growth slowing to 2.9%, and pay increases averaged 4.3%, slightly below economist forecasts. These figures reflect ongoing challenges, including rising employment costs and reduced demand for labor.
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