Posted 4 years ago •
The latest ONS data covers the period from December 2020 to February 2021. providing a snapshot of labour market activity during a period of renewed restrictions and lockdowns.
The latest data shows a further decrease in employment, with young people aged 16-24 years old being hit hardest. And with the reintroduction of more restrictions, total hours worked decreased on the quarter.
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.