"The latest data reveals a slowdown in wage growth across the UK, with average regular earnings rising by just 5.6% in January to March 2025, down from 5.9%."
"Minister for Employment Alison McGovern stated that real wages are growing, and initiatives like the Get Britain Working plan have contributed to 200,000 new jobs since its implementation."
Recent UK labour market data indicate a cooling jobs market as wage growth slows, with average regular earnings rising by only 5.6% in early 2025. This decline in growth rate is evident across various sectors, especially in retail and hospitality. Despite this slowdown, real wages continue to outpace inflation, with a reported 2.6% annual increase when adjusted for price changes. However, a decrease in the number of employed individuals raises concerns, as firms navigate increased minimum wages and national insurance contributions.
Read at www.theguardian.com
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