UK Wage Growth Slows but Remains Near Record Levels

Unemployment Rate Stable as Job Vacancies Fall; Bank of England Holds Off on Interest Rate Hikes

UK wage growth has slowed slightly but remains near record levels, with pay rising at an annual rate of 7.7% between July and September.
The number of job vacancies fell for the 16th month in a row, indicating a weakening jobs market.
The UK's unemployment rate remained largely unchanged at 4.2% between July and September.
The Bank of England has held off on further interest rate rises since September due to evidence that its previous hikes are having the desired effect on inflation.
The Chancellor, Jeremy Hunt, will reveal how much the National Living Wage will rise by next spring at next week's Autumn Statement.