Posted 6 years ago •
Latest data from the ONS showed further signs that growth in the UK labour market is tailing off.
But while the employment rate edged lower, the unemployment rate remained at a multi-decade low. At the same time, however, the number of employees fell for the second consecutive quarter—the small rise in employment in the three months to May was mostly driven by self-employment. But the picture was mixed across the regions and nations.
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.