Posted 1 year ago •
The latest ONS data cover the period from April to June 2023 and show a labour market that continues to softening, with the employment rate decreasing, unemployment increasing, and economic inactivity and vacancies both falling. However, real time Pay-As-You-Earn data for July 2023 showed that the number of payrolled employees increased by 97,000 to 30.2 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.