UK Jobs Market May Be Loosening With Surprise Drop in Median Pay
- Unemployment rose unexpectedly in quarter through April
- Figures add to reasons for BOE to move carefully on rates
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Britain’s labor market showed tentative signs of easing with the first drop in median wages in almost a year.
The mid-point in the earnings spectrum slid to £2,076 a month, according to real-time tax authority data published by the Office for National Statistics. It took annual growth in median pay to a seven-month low of 5.4%.