Market News
UK jobs market steadies with BoE set to keep rates on hold - REUTERS
By William Schomberg and Suban Abdulla
Summary
- Wage growth holds steady in economy-wide measures
- Private sector pay growth slows
- BoE assessing inflation pressure in jobs market
- Vacancies rise in 3 months to Feb vs 3 months to Nov
- Tax data shows rise in hiring
LONDON, March 20 (Reuters) - The pace of British pay growth was little changed and there were others signs of stability in the jobs market, according to official data that contrasted with warnings of a hit to hiring from employers upset about an imminent tax increase.
Private sector pay, excluding bonuses, - a key gauge for the Bank of England - rose by 6.1% in the three months to January, compared with the same period a year earlier, marginally slower than a 6.2% increase at the end of 2024, Thursday's data showed.
