Market News
UK jobs market shows more signs of cooling - REUTERS
LONDON, May 13 (Reuters) - Britain's jobs market showed further signs of a slowdown as employment fell and growth in wages cooled, according to official data published on Tuesday that is likely to reassure the Bank of England that inflation pressures are waning.
Provisional data provided by employers to the tax authorities showed the number of employees fell by 33,000 in April after 47,000 drop in March.
Vacancies fell further below their pre-COVID pandemic level as they dropped by 42,000 or 5.3% in the three months to April to 761,000, the Office for National Statistics said.
