Posted 6 years ago •
Employment at record high, but pay growth continues to struggle
Employment growth continues to strengthen, with a record number of people now in work. At a time of economic and political uncertainty, this shows the resilience of businesses up and down the country, as they continue to employ more people and create new opportunities.
But, pay growth continues to struggle and has now gone negative, meaning the cost of living is outpacing wage growth.
The latest ONS data covers the period from January to March 2024 and shows a largely unchanged labour market that remains tight overall but continues to slowly soften.
The latest ONS data covers the period from December 2023 to February 2024 and shows a largely unchanged labour market that remains tight overall but continues to slowly soften.
The latest ONS data covers the period from November 2023 to January 2024 and shows a labour market that remains tight overall but continues to slowly soften. Growth in employment has slowed while economic inactivity has increased.