Posted 3 years ago •
The latest ONS data covers the period from October to December 2021, providing a snapshot of labour market activity during a period in which the Omicron variant became the dominant Covid-19 variant in the UK.
The latest data show a continuing recovery in the labour market, with employment increasing, unemployment decreasing, and vacancies at a new record high.
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.