UK wage growth slowed to a six-month low despite record employment figures, raising uncertainty for the Bank of England, which is looking for a second rate hike only since the global financial crisis.
Average weekly earnings rose by 2.5 percent on yearly basis in the three months to May, the weakest level since last November, while the previous reading rose by 2.6 percent.
Also, wage growth excluding bonuses has slowed to 2.7%. The figures came in line with market expectations.
At the same time, the unemployment rate stabilized at the lowest level since 1975 at 4.2%, while the proportion of people working rose to a record level at 75.7% after adding 137K jobs during the three months to May.
