Wage Growth Drops to Lowest Level in Over 2 Years Amid Rise in Unemployment: ONS

Published on November 12, 2024

UK wage growth has fallen to its lowest level in more than two years, amid an increase in the unemployment rate, official figures show. Annual growth in average regular earnings excluding bonuses was 4.8 percent in July to September, down from 4.9 percent in the previous three months. It is the lowest level since the three months to June 2022, the Office for National Statistics (ONS) reported on Tuesday. Earnings growth, however, continues to outstrip inflation as pay rose by 2.7 percent. Commenting on Tuesday’s labour market figures, Liz McKeown, ONS director of economic statistics, said, “Growth in pay excluding bonuses eased again this month to its lowest rate in over two years.”...

Continue reading on website
Other news

South Carolina Lab Recaptures 5 More Escaped Monkeys but 13 Are Still Loose

November 12, 2024
YEMASSEE, S.C.—Employees at a South Carolina compound that breeds monkeys for medical research have recaptured five more animals that escaped last week from an enclosure that wasn’t fully locked.As of Monday afternoon, 30 of the 43 monkeys that made it outside the Alpha Genesis facility in Yemassee are back in the company’s custody unharmed, police said in a statement.Most if not all of the Rhesus

Chris Wallace Departing CNN After 3 Years to Explore Podcasting

November 12, 2024
Veteran television broadcaster Chris Wallace announced on Monday that he will depart CNN to pursue an independent venture in streaming or podcasting platforms.The 77-year-old broadcaster told The Daily Beast that he had decided not to renew his three-year contract with CNN when it lapses at the end of the year.“I have nothing but positive things to say. CNN has been very good to me,” he told the n