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U.K. Payrolls Hit Pre-Pandemic Level With Record Vacancies

  • Underlying wage growth reamains stronger than before lockdowns
  • Figures suggest labor market is defying economic slowdown
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The number of workers on U.K. company payrolls climbed above its pre-pandemic level as vacancies hit a record high with companies battling staff shortages created by Brexit and lockdowns.
 
The figures from the Office for National Statistics included a 35% surge in job openings in the quarter to 1.03 million, the first time they’ve risen above 1 million. That shows the labor market remained buoyant over the summer even as a resurgence in virus cases and supply disruptions weighed heavily on overall economic growth.