{"id":13918,"date":"2025-07-18T15:20:44","date_gmt":"2025-07-18T14:20:44","guid":{"rendered":"https:\/\/www.hiringlab.org\/uk\/?p=13918"},"modified":"2025-08-22T15:25:08","modified_gmt":"2025-08-22T14:25:08","slug":"uk-employment-figures-july-2025-ongoing-slowdown","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/uk\/blog\/2025\/07\/18\/uk-employment-figures-july-2025-ongoing-slowdown\/","title":{"rendered":"UK Employment Figures, July 2025: Ongoing Slowdown"},"content":{"rendered":"\n<p><strong>Key points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The UK labour market shed 41,000 jobs in June, the eighth-straight monthly drop, according to the Office for National Statistics.<\/li>\n\n\n\n<li>Wages grew at a 5% annual pace in the three months through May.<\/li>\n<\/ul>\n\n\n\n<p>The UK labour market continued to weaken in recent months, though data from the Office for National Statistics point to a continued gradual slowing rather than a nosedive. June\u2019s provisional figure indicates a decline of 41,000 jobs, the eighth successive monthly drop. But hefty revisions to May\u2019s payrolled employees data paint a less alarming picture than previously. The revised figures now show a decline of 25,000, rather than the previously reported 109,000 drop.&nbsp;<\/p>\n\n\n\n<p>Wage growth continues to gradually ease, though at 5.0% in the three months to May, the annual rate of regular pay growth was slightly stronger than expected. Coupled with June\u2019s higher-than-expected <a href=\"https:\/\/www.bbc.co.uk\/news\/live\/c4g89vqp8p4t\" target=\"_blank\" rel=\"noreferrer noopener\">inflation<\/a> print, policymakers at the Bank of England will likely stick to their guidance for gradual interest rate cuts, beginning with a widely anticipated reduction in August.&nbsp;<\/p>\n\n\n\n<p>Amid a <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cq6mvem8neno\" target=\"_blank\" rel=\"noreferrer noopener\">struggling economy<\/a> and persistently high inflation, the prospect of stagflation is making life uncomfortable for the Bank. Rate setters have <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cqx2pj42395o\" target=\"_blank\" rel=\"noreferrer noopener\">hinted<\/a> at speeding up rate cuts should the labour market begin to slow more materially. But for now, conditions appear to be waning rather than tanking, which will likely translate into a gradual easing of inflation pressures by the end of the year.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK labour market has continued to weaken, opening the door to lower interest rates. <\/p>\n","protected":false},"author":103,"featured_media":13919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[1],"tags":[252],"post_mwm_category":[349],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[305],"class_list":["post-13918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_mwm_category-state-of-the-labour-market","post_mwm_author-jackkennedy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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