Resource Centre

Labour Market Update

Unemployment Levels Creep Up Again While Private Sector Wage Growth Falls

In the quarter to November 2025, unemployment and redundancy levels rose, the employment rate held, and strong private sector wage growth has continued to show signs of easing. The number of vacancies across the economy was also broadly unchanged and inactivity remains stubbornly high. Therefore, the UK labour market picture is fundamentally the same, with cooling conditions increasingly being driven by business cost pressures.

Jan 20, 2026

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