UK employers cut job vacancies as Burnham aims to lift living standards
UK employers cut job vacancies to 712,000 in May, nearly half the 2022 level, as unemployment held steady at 4.9%, official figures showed. Private sector earnings growth dropped to 2.9%, missing economist forecasts of 4.5% average pay growth with bonuses. The weak labor market poses challenges for Prime Minister Andy Burnham's plans to raise living standards across all regions.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 21 Jul 2026, 07:01 UTC · Updated 21 Jul 2026, 07:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections