ONS latest | Wages up, unemployment static & other key takeaways from new labour market stats

According to the latest statistics from the ONS, regular pay has grown at the fastest rate in more than 20 years. However, it is still failing to keep up with inflation, which is at 10.5%.

Pay, excluding bonuses, increased at an annual pace of 6.7% between October and December 2022, which was the strongest growth seen outside of the pandemic.