According to official data, the UK Jobs has become more weak in the market as the number of job vacancies continues to decline and increased.
The annual rate of salary hike in three months between March and May was 5%, showing the latest figures of the National Statistics (ONS) office.
Meanwhile, the number of vacancies has again fallen to 727,000, marking the opening of three continuous years of falling jobs.
ONS said the survey data suggested that some firms could not recruit new workers or are changing those who have left.
The number of job vacancies is now the lowest in 10 years, except for the dive seen during the epidemic when Lockdown stopped the firms from hiring.
With the opening of a falling job, the unemployment rate has increased to 4.7%, the highest for four years, although ONS has stated how this data is collected, needs to be treated with caution due to problems with it.
Labor market data is one of the things Bank of England will see next month When it decides whether to cut interest rates or not.
Can it choose to cut rates to promote labor market or Increase them to reduce inflation by encouraging low expenditureMost economists are predicting a cut.
Earlier this week, in an interview with The Times, Governor Andrew Bailey, Bank of England, indicated that the interest rates could have a major cut if the jobs are shown signs of slowing in the market.
