Wage-push inflation may become a less influential factor on the cost of living index going forward, according to data from the job site Adzuna.
The latest data revealed a drop in job vacancies and starting salaries in July, marking the first monthly decline this year.
The news, while by no means definitive, may be indicative of the direction of travel of the labour market, which would ease some pressure on the Bank of England to continue increasing interest rates.
Officials are wary of wage growth fuelling inflation in the coming months. Recent read-outs showed wages increasing at their fastest rate since 2001 from April to June.
This rise is attributed to the tight labour market, compelling employers to offer competitive salaries to attract and retain employees.
The Bank has raised interest rates 14 times consecutively, primarily in response to inflationary pressures from Russia's conflict in Ukraine, with the latest increase bringing the rate to 5.25%.
Despite inflation dropping to 6.8% in July, financial markets predict a peak interest rate of around 6% next year.
Adzuna's findings also indicate employers' growing caution in hiring, with a 1.11% decrease in vacancies and a 0.15% drop in average salaries from June.