UK regular pay growth slows for the first time since January
© Reuters. FILE PHOTO: A man works at a computer on a standing desk in an office in the financial district of Canary Wharf in London, Britain, February 8, 2023. REUTERS/Kevin CoombsLONDON -Growth in British workers' regular pay - which is being watched closely by the Bank of England - slowed from a previous record high and job vacancies also dropped, official figures showed in a sign that the labour market is losing momentum.
The latest reading was in line with expectations from economists polled by Reuters, but sterling fell slightly against the U.S. dollar after the data. The number of job vacancies in the three months to September was 988,000, down from 998,000 in the three months to August.
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