Posted 3 years ago •
The latest ONS data covers the period between September and November 2020, providing a snapshot of labour market activity during a period of renewed restrictions across the country.
The latest data shows a further decrease in employment, another sharp increase in unemployment with the unemployment rate reaching 5% - the highest rate since 2016, and another significant increase in redundancies to a record high of 395,000.
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.