Posted 7 years ago •
Mixed picture from the labour market
Despite recent optimism, there’s a risk that the jobs market could soften in the months ahead. Our report for December paints a mixed picture with employment remaining largely the same but slowing in pace.
On the plus side, unemployment dropped in the three months to October enabling it to maintain its 11-year low. Wages also went up slightly. However, the number of people claiming unemployment benefits is now at its highest level since February 2015.
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.