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.
Employment and unemployment levels continue to rise, while vacancies fall to lowest level in almost four years
Posted 1 year ago •
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Unemployment rate falls to 4.9%, but signs of hiring caution remain
In the quarter to February 2026, the unemployment level and rate fell, employment levels rose slightly but the employment rate decreased, and wage growth continued to slow. There was also a notable uptick in economic inactivity, and vacancies have fallen even further.