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The labour market continues to cool

Posted 1 year ago •

Pages of documents showing changes in the labour market

Labour Market update report

This month's labour market figures continue to show signs of gradual cooling, with the number of vacancies still falling and unemployment rising. The UK employment rate (for people aged 16 to 64 years) was estimated at 74.4% in March to May 2024, below estimates of a year ago, and decreased in the latest quarter. 

The UK unemployment rate (for people aged 16 years and over) was estimated at 4.4% in March to May 2024, above estimates of a year ago, and increased in the latest quarter. The UK economic inactivity rate for people aged 16 to 64 years was estimated at 22.1% in March to May 2024, above estimates of a year ago, but decreased in the latest quarter. 

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