In the period between August and October 2024, wage growth across the economy remained strong, employment and unemployment levels both increased, while vacancies and inactivity fell.
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The Labour Market Continues to cool and Vacancies Fall Again
In the three months to July 2025, unemployment and employment levels both rose, the economic inactivity level and rate fell, and strong wage growth continued to present signs of slowing.
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The Job Market Continues to Present Signs of Weakening
In the three months to June 2025, unemployment and employment levels rose, the economic inactivity level and economic inactivity rate both fell, and strong wage growth continued to present signs of slowing.
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Unemployment continues to rise while wage growth slows
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.