Posted 8 years ago •
The latest CBI Labour Market Update reveals that employment has fallen slightly for the first time in over two years.
Although this is a notable change, we should be cautious about drawing long-term conclusions from one quarter's data.
Some positive news is that unemployment continues to fall and remains at a 42-year low.
In the quarter to April 2025, wage growth across the economy remained strong, but is weaker compared to recent months. Unemployment and employment levels both rose (unemployment notably so), and economic inactivity fell, but still sits above 9 million.
In the three months to March 2025, wage growth across the economy remained strong and, while wages continued to rise in nominal and real terms, the rate of wage growth is showing signs of slowing.
In the three months to February 2025, wage growth across the economy showed signs of plateauing but remains strong, unemployment and employment levels both increased, while inactivity fell but is still stubbornly high.