{"id":69312,"date":"2025-07-17T07:30:16","date_gmt":"2025-07-17T07:30:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/69312\/"},"modified":"2025-07-17T07:30:16","modified_gmt":"2025-07-17T07:30:16","slug":"uk-jobs-market-cools-as-unemployment-rate-rises","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/69312\/","title":{"rendered":"UK jobs market cools as unemployment rate rises"},"content":{"rendered":"<p>Mitchell Labiak<\/p>\n<p>Business reporter, BBC News<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/1752665411_201_grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\" aria-label=\"image unavailable\"\/><img decoding=\"async\"   src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/ad70cdd0-6267-11f0-83d2-4f671b8c1523.jpg.webp.webp\" loading=\"eager\" alt=\"Getty Images A woman with long black hair in two plaits wearing a black beanie hat, khaki hoodie and navy quilted bodywarmer working as a mechanic with her oil covered hands inside the engine of a car with its bonnet up\" class=\"sc-d1200759-0 dvfjxj\"\/>Getty Images<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The UK jobs market has weakened as wage growth slows and the unemployment rate rises, official statistics show.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The annual rate of pay growth in the three months between March and May slowed to 5%, the Office for National Statistics (ONS) said.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Meanwhile, the unemployment rate rose to 4.7%, its highest in four years, though the ONS has said the figure needs to be treated with caution due to problems with how the data is collected.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Economists say a weaker labour market makes it more likely the Bank of England will cut interest rates in an attempt to boost the economy at its meeting next month.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/1752665411_201_grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\" aria-label=\"image unavailable\"\/><img decoding=\"async\"   src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/621875b0-62dd-11f0-b903-f515e3045d80.png.webp.webp\" loading=\"lazy\" alt=\"A line chart showing the estimated number of vacancies in the UK. In January to March 2015, there were an estimated 730,000 vacancies. That rose gradually to 864,000 in late-2018, before dropping steeply to 328,000 in the wake of the Covid pandemic in early-2020. It then hit a high of 1.3 million in mid-2022, before gradually falling to 727,000 in April to June 2025, the lowest level for a decade outside the pandemic period.\" class=\"sc-d1200759-0 dvfjxj\"\/><\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">It added that survey data suggested that some firms may not be recruiting new workers or replacing ones who have left.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The number of job vacancies is now at its lowest in 10 years, excluding the plunge seen during the pandemic when lockdowns stopped firms from hiring.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Yael\u202fSelfin, chief economist at KPMG UK, said the &#8220;slowing pay growth opens the door for an interest rate cut in August&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;The impact of April&#8217;s tax and administrative changes has led to a marked slowdown in hiring activity among firms,&#8221; she added.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;With domestic activity remaining sluggish, the MPC will likely want to provide support via looser policy to prevent a more significant deterioration in the labour market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Mitchell Labiak Business reporter, BBC News Getty Images The UK jobs market has weakened as wage growth slows&hellip;\n","protected":false},"author":3,"featured_media":69313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,420,67,132,68],"class_list":{"0":"post-69312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-jobs","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114867406546013445","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/69312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=69312"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/69312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/69313"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=69312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=69312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=69312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}