Posted 4 years ago •
According to the ONS, the UK labour market continues to defy gravity, outperforming the rest of the economy.
The employment rate remains at a record high, with the unemployment rate at a record low. At the same time, however, the number of employees saw the sharpest fall since the beginning of 2014 which could be a further sign of vulnerability in the economy. Across the UK, the regions and nations have seen a mixed picture on employment, while unemployment has remained broadly unchanged.
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.