Pay jumps as job vacancies continue to fall

Pay growth has picked up for the first time in more than a year, according to the latest official figures.Regular pay, which excludes bonuses, grew at an annual pace of 5.2% between August and October, the Office for National Statistics (ONS) said.The number of job vacancies in the UK fell again, but still remains above pre-pandemic levels.The unemployment rate was unchanged at 4.3%, although there are questions…