Sharp increase in economic inactivity as talent pools shrink across the board

Posted 1 year ago •


The latest ONS data covers the period from May to July 2022 and shows a labour market that is plateauing, with the employment rate decreasing, unemployment increasing, economic inactivity rising sharply and vacancies falling for the second quarter in a row. 

Real time Pay-As-You-Earn data for August 2022 showed that the number of payrolled employees increased, up by 71,000 to a record 29.7 million. 


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