Posted 7 years ago •
Labour market strengthens, but pay growth remains a concern
Data released today by the Office for National Statistics shows a labour market that is performing well, with the number of people in employment rising and those of out of work falling.
But for people in work pay growth remains a concern. After accounting for increases in the prices of goods and services, growth in regular pay (which excuses bonus payments) fell back for the third month in a row to the lowest pace of growth since 2014.
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.