{"id":173027,"date":"2024-11-12T07:32:51","date_gmt":"2024-11-12T07:32:51","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/12\/unemployment-rises-as-pay-growth-slows-again\/"},"modified":"2024-11-12T07:32:51","modified_gmt":"2024-11-12T07:32:51","slug":"unemployment-rises-as-pay-growth-slows-again","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/12\/unemployment-rises-as-pay-growth-slows-again\/","title":{"rendered":"Unemployment rises as pay growth slows again"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i1.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/d2e7\/live\/421ac6e0-a0c4-11ef-81fb-7bb5ad25ae1e.jpg?resize=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Unemployment rises as pay growth slows again\" title=\"Unemployment rises as pay growth slows again\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The UK&#8217;s unemployment rate has risen, official figures suggest, while pay growth continues to slow.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs figures due to issues with how it gathers the data.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">While wage growth has eased, pay is still rising faster than inflation, which measures the rate of price increases.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Excluding bonuses, pay grew at an annual rate of 4.8% between July and September &#8211; the lowest in more than two years.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The number of vacancies also fell again, as they have been doing for more than two years.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But Liz McKeown, director of economic statistics at the ONS, pointed out that the total still remains a little above pre-pandemic levels.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">However, slowing wage growth and fewer roles comes as businesses are set to be hit with a hike in National Insurance and minimum wage increases from April.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Some supermarkets and big retailers have suggested they might have to cut back on hiring, or raise the price of their goods to manage increased costs.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/ce8dz3n0z71o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK&#8217;s unemployment rate has risen, official figures suggest, while pay growth continues to slow. The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs figures due to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":173028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/d2e7\/live\/421ac6e0-a0c4-11ef-81fb-7bb5ad25ae1e.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[569,795,8241,10912,2953],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/173027"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=173027"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/173027\/revisions"}],"predecessor-version":[{"id":173029,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/173027\/revisions\/173029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/173028"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=173027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=173027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=173027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}