Job announcements and upward pressure on wages falling

According to statistics from the Central Bureau of Statistics (GUS), unemployment in June this year stood at 4.9 percent, 0.2 percentage points lower than in May and 1.1 percentage points lower than in June 2021. This is the lowest result in 32 years. This is largely the result of the high demand for seasonal workers, which is why unemployment generally falls most sharply in the summer. However, the market is already seeing a declining number of job ads and weakening wage pressure.