Posted 2 years ago •
The latest ONS data cover the period from July to September 2022 and show a labour market that remains tight, with the employment rate decreasing, unemployment decreasing, economic inactivity rising sharply and vacancies falling for the fourth quarter in a row.
Real time Pay-As-You-Earn data for October 2022 showed that the number of payrolled employees increased, up by 74,000 to a record 29.8 million.
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.