Posted 5 years ago •
According to the ONS, the UK labour market continued to defy gravity in the beginning of 2019 against a backdrop of tepid economic growth and heightened uncertainty.
The employment rate rose again to a new record high, with the unemployment rate at another record low.
The unemployment rate dropped to 3.9%. Meanwhile the number of vacancies was little changed, the number of job seekers per vacancy (1.6) remains the lowest since records began. These are signs that the labour market remains tight.
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.