Change in UK labour market trends

The latest UK labour market data continue to show signs of a gradual slowdown. Vacancy rates are falling while unemployment is rising.
Although wage growth remains relatively strong, it is at a slower pace than a few months ago. Short-term changes in some employment indicators show a mixed picture.
The Labour Force Survey (LFS) data show employment has fallen, while HMRC’s Real-Time Index (RTI) data show that the number of paid employees has increased in recent months.