Unemployment rises as pay growth slows again

Quick Summary:

The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter.

While wage growth has eased, pay is still rising faster than inflation, which measures the rate of price increases.

The Labour MP said that from April, three million of the lowest-paid workers would benefit from an increase to the minimum wage, known officially as the National Living Wage.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Costs Labour Figures Bank Wage Data Growth Latest Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 10:29:28 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 899 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23605622

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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