Posted 6 years ago •
Unemployment continues to fall, with the rate once again at its lowest since 1975.
However, pay growth has taken a hit for a fifth consecutive month and has not kept pace with rising prices.
Productivity needs to pick up in order for wage growth to increase after falling in the first half of 2017.
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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.