Posted 6 years ago •
September's CBI/Pertemps Labour Market Update shows the employment rate remains at a record high and unemployment is at its lowest since 1975.
While nominal pay growth has edged higher, the tightness of the labour market has still not stimulated stronger and more sustained real wage growth.
To see the full outlook, click to see the report above.
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.