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Story summary
- ONS reported job vacancies fell to 707,000 in May-July, lowest in five years.
- Small firms blamed labour shortages, costs, energy prices since the Iran war, taxes and wages for cutting hiring.
- Regular earnings grew 3.5% to June, with public-sector pay up 6.1% on NHS awards and private-sector pay down to 2.8%.
- The unemployment rate stayed at 4.9% in June, with Suren Thiru saying labour market is in a low-churn limbo.
