Posted 5 years ago •
Latest data from the ONS painted a familiar picture of the UK labour market. The employment rate stood at a record high, with the unemployment rate remaining close to record low.
At the same time the employment rate has flatlined over the past quarters which could be a sign that employment growth is tailing off.
In the period between August and October 2024, wage growth across the economy remained strong, employment and unemployment levels both increased, while vacancies and inactivity fell.
In the period between July and September 2024, wage growth across the economy remained strong, employment and unemployment levels both increased, while vacancies and inactivity both fell. The data continues to paint a mixed picture of the labour market, with conditions cooling but limited labour pool hindering business’s ability to grow.
In the period between June and August 2024, wage growth across the economy remained strong, the employment rate increased, and high inactivity rate persisted. This paints a mixed picture of the labour market, with conditions cooling but limited labour pool hindering business’s ability to grow.