UK labour market cools as wage growth slows, vacancies fall

Something is slowing down in the UK's job market.

The money people earn from work is growing more slowly than before.

The number of jobs being advertised is also going down.

This shows that the economy is cooling off.

The Bank of England watches these numbers very closely.

They help the Bank decide whether prices in the shops are rising too fast.

But energy prices have gone up a lot, which could push prices higher.

So the Bank has a tricky decision to make.

It does not want to damage the jobs market, but it also wants to keep prices steady.

Everyone is waiting to see what the Bank will do next.