Wage growth cools further but still outstripping inflation – ONS

Business | Business News Wage growth has slowed sharply in the UK and there are further signs that the jobs market is cooling, according to official figures. UK average regular earnings, excluding bonuses, increased by 6.6% in the three months to November, down from a revised 7.2% in the previous three months, the Office for National Statistics said. It is the lowest rate since the three months to January last year. But pay lifted 1.4% after taking Consumer Prices Index inflation into account. The number of job vacancies fell by 49,000 over the three months to December to 934,000, marking the 18th period in a row that openings have…