Posted 3 years ago •
The latest ONS data covers the period from October to December 2020, providing a snapshot of labour market activity during a period of renewed restrictions, with England entering a second national lockdown in November, alongside another extension of the Job Retention Scheme.
The latest data shows a further decrease in employment and another increase in unemployment with the unemployment rate reaching 5.1%.
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.