Posted 7 years ago •
The latest CBI/Pertemps Labour Market Update shows there are a record number of openings for job seekers as 2017 draws to a close.
The unemployment rate is still at a 42-year low and vacancies have reached an all-time high, though new workforce data shows not all industries have seen jobs growth.
In the quarter to November 2024, wage growth across the economy remained strong, unemployment and employment levels both increased, and economic inactivity marginally fell but remains high.
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.