Posted 6 years ago •
The UK’s weak productivity underlines the need for the government to work with business to encourage more investment in new technologies, skills and infrastructure. With the fog of political and economic uncertainty remaining thick, it’s important that politicians do not lose sight of this major challenge to the UK economy.
Across the UK, most regions and nations have seen an increase in employment, while unemployment has remained broadly unchanged.
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.