Posted 4 years ago •
Latest data from the ONS paints a familiar picture of the UK labour market. The employment rate returned to a record high, with the unemployment rate remaining close to record low. This strong employment growth was driven by significantly more women in employment.
Creating a labour market that supports more women in jobs is critical to achieving a fairer, thriving economy.
In the quarter to November 2024, wage growth across the economy remained strong, unemployment and employment levels both increased, and economic inactivity marginally fell but remains high.
In the period between August and October 2024, wage growth across the economy remained strong, employment and unemployment levels both increased, while vacancies and inactivity fell.
In the period between July and September 2024, wage growth across the economy remained strong, employment and unemployment levels both increased, while vacancies and inactivity both fell. The data continues to paint a mixed picture of the labour market, with conditions cooling but limited labour pool hindering business’s ability to grow.