UK job market slows again, bringing some inflation relief to the Bank of England

The growth of private sector wages in the UK slowed to 4.7%, with employment falling for the seventh consecutive month in August, down 8,000. The Bank of England remains concerned about inflation, and wage growth remains above its 2% target. The number of job openings rose slightly to 728,000, suggesting a possible recovery in recruitment, but employers see tax increases and budget uncertainty as factors that contribute to the delays in recruitment.