Unemployment rate holds at 4.9%
Number of payrolled employees fell by 13,000 May-June.
Vacancies drop to lowest level since 2021
It came as private sector wage growth slumped to a six-year low of just 2.8pc. That stands in contrast to a 6.1pc pay increase for the average public sector worker in the same period.Ben Harrison, director of the Work Foundation at Lancaster University, said: “The UK remains trapped in a deepening jobs drought. Vacancies have fallen to the lowest level outside of the Covid-19 pandemic since 2014.”The labour market has been particularly challenging for school leavers and university graduates as the number of entry level job openings has been in decline.Mr Harrison added: “Over the last year, the decline in starter jobs has been 1.6 times faster than for other vacancies, making it increasingly difficult for young people to get their first foothold in work.”