UK Job Vacancies Fall 28,000 to 705,000 as Payrolls Drop 100,000

5 articles · Updated · BBC.com · May 19

705,000 UK job vacancies were recorded in February-April, down 28,000 from the prior three-month period and the lowest level since April 2021.
Payroll employment fell by 100,000 in April, while the unemployment rate edged up to 5.0% in the three months to March from 4.9% previously.
Hospitality and retail saw some of the biggest declines in both vacancies and payrolls, reinforcing ONS evidence that lower-paying sectors are weakening fastest.
Regular pay growth slowed to 3.4% in the first quarter, leaving real earnings up just 0.3% after inflation as the labor market softened.
ONS said the April payroll estimate is unusually uncertain because it comes at the start of the tax year, when data often sees larger upward revisions.

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