In the quarter to December 2024, wage growth across the economy remained strong, unemployment and employment levels increased, and economic inactivity marginally fell but remains high.
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Unemployment continues to rise while wage growth slows
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Unemployment rises to highest level in almost four years, and the jobs market continues to show signs of weakening
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.
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Wage growth plateaus but remains strong, while vacancy levels continue to dip
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.