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Story perspectives

UK Wage Growth Slows as Youth Unemployment Rises

3/19/2026

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Story summary
  • The Office for National Statistics reported UK wage growth slowed to 3.8% in the three months to January 2026.
  • The unemployment rate remained at 5.2% (ONS).
  • Youth unemployment rose to 14.5% among workers aged 18 to 24.
  • Job vacancies remained stable as smaller firms reduced hiring.
  • The Bank of England is expected to keep interest rates at 3.75% as analysts predict these economic pressures may lead to further job losses.