Posted around 1 month ago •
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.
This month’s figures continue to present signs of a cooling labour market: vacancies are continuing to drop, unemployment levels rose, and nominal regular wage growth has plateaued back to 5% after intermittently hovering at 6% over the past year.
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.