Labour market remains tight but vacancies continue to fall

Posted 1 year ago •

The latest ONS data cover the period from January to March 2023 and portray a labour market that continues to show signs of softening, with the employment rate increasing, unemployment remaining low, and economic inactivity and vacancies both falling. 

Real time Pay-As-You-Earn data for April 2023 showed that the number of payrolled employees decreased for the first time 

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