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UK jobs market sends warning signal to Bank of England


© Reuters. FILE PHOTO: People walk past a branch of Jobcentre Plus, a government run employment support and benefits agency, as the outbreak of the coronavirus disease (COVID-19) continues, in Hackney, London, Britain, August 6, 2020. REUTERS/John Sibley

LONDON (Reuters) – Workers in Britain saw their earnings shrink when adjusted for inflation in late 2021, data from the Office for National Statistics showed, adding to signs of a growing squeeze on living standards in the country.

Regular earnings fell by 0.8% in real terms using statisticians’ preferred CPIH inflation measure in the three months to December, the ONS said on Tuesday.

Britain’s unemployment rate for the three months to the end of December held at 4.1%, as expected by most economists polled by Reuters.

UK wages hit by inflation, unemployment rate steady

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