UK workers’ pay rises fall behind inflation amid cost-of-living crisis

Unemployment falls to 4.1%, close to its level before the Covid pandemic

Pay for workers in Britain has fallen in real terms for the first time in more than a year, despite signs that employers shrugged off concerns over the Omicron coronavirus variant to continue hiring in December.

Average wages, after taking account of inflation, dropped in November for the first time since July 2020 amid growing concerns over the hit to living standards this year from high inflation and surging energy bills.

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Economics, Pay, Inflation, UK unemployment and employment statistics, Unemployment and employment statistics, Business, Coronavirus, UK news, Money, Family finances UK news | The Guardian

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