Jobless rate of 5.1% is lowest since 2006 but slowdown in pay growth likely to further delay any interest rate rise amid signs the UK recovery is cooling fastWage growth slowed in November to its lowest rate since February 2015 in the latest sign that the pace of Britain’s recovery is rapidly cooling down.
Wages grew at 2% in the three months to November,down from 2.4% in the previous month, after breaking through the 3% barrier in the summer. Related: Unemployment rate falls to lowest figure for a decade - Politics live Related: Young and older people 'experience age discrimination at work' Related: George Osborne has tied a knot of scare and optimism – but is it unravelling? | Polly Toynbee Continue reading...
Source: theguardian.com