Earnings in real terms have fallen by a record 3% as workers continue to be squeezed by soaring prices, official figures showed today.
Regular pay excluding bonus payments went up by 4.7% in the three months to June, a better-than-expected figure but representing a record fall when adjusted for inflation.
The Office for National Statistics also revealed an unchanged unemployment rate of 3.8% but the number of job vacancies dropped for the first time since the middle of 2020.
