UK job data: pay growth slows to 2%
by Heather Stewart from Economics | The Guardian on (#XVZH)
Pay rises have remained low, despite the unemployment rate falling to 5.2%, the lowest since 2006
Wage growth across the economy has slowed to 2% despite continued strength in job creation, underlining the financial challenges facing Britain's workers in the run-up to Christmas.
The Office for National Statistics (ONS) said that average wages grew at an annual rate of 2% in the three months to October.
Related: Why hasn't pay kept pace with rising employment?
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