The Independent highlights urgent social issues, including reproductive rights and climate change, emphasizing its commitment to quality journalism. Recent labor market data from the ONS indicates a slowing wage growth at 5.6%, while unemployment has climbed to 4.5%, marking the highest rate since summer 2021. The findings suggest a cooling labor market influenced by rising employee costs, with 33,000 fewer workers on payrolls in April. Amid these trends, The Independent seeks community support to sustain unbiased reporting accessible to all, without paywalls, fostering informed public discourse during critical times.
Wage growth has slowed to 5.6%, the lowest since Nov 2024, while unemployment ticks up to 4.5%, indicating as a cooling labor market under increased employee costs.
Figures from the Office for National Statistics show real wages are rising, with 2.6% growth adjusted for inflation, despite signs of a cooling labor market.
The rise in unemployment to 4.5% reflects broader economic challenges, with businesses increasingly expressing concerns about employee costs and job vacancies falling.
The Independent is committed to unbiased reporting and believes that quality journalism should be accessible to everyone, funded by those who can afford to support it.
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