Posted 1 year ago •
The latest ONS data cover the period from October to December 2022 and show a labour market that is continuing to show early signs of softening.
While the employment rate increased and economic inactivity fell, the unemployment rate also ticked higher as a result, and vacancies fell for the seventh quarter in a row.
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.