Job vacancies outpace unemployment for first time

The unemployment rate fell to 3.7% between January and March, its lowest for almost 50 years, as job openings rose to a new high of 1.3 million.

However, wages, excluding bonuses, failed to keep pace with rising prices, a problem expected to intensify because of growing food and fuel costs.

The figures show “a mixed picture” said the Office for National Statistics (Islam, 2022).

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