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UK earnings growth slips to 4.1% in June

8/18/2026

32 7 Full Breakdown

Summary

Story summary

UK total-earnings growth fell to 4.1% in the three months to June, down from 4.3% in May.
Private-sector pay growth slowed to 2.8%, the weakest rate since October 2020.
Unemployment held at 4.9% in June, missing city economists’ forecast of 4.8%.
The new prime minister announced “breathing space” measures, a youth jobs grant, and a review by former Labour minister Alan Milburn after NEETs topped one million.

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Story summary

UK total-earnings growth fell to 4.1% in the three months to June, down from 4.3% in May.
Private-sector pay growth slowed to 2.8%, the weakest rate since October 2020.
Unemployment held at 4.9% in June, missing city economists’ forecast of 4.8%.
The new prime minister announced “breathing space” measures, a youth jobs grant, and a review by former Labour minister Alan Milburn after NEETs topped one million.