Understand the key findings from the latest ONS labour market overview, covering employment-related statistics such as employment, unemployment, economic inactivity for the UK as well as experimental PAYE and Claimant Count data.
Highlights from this month’s Labour market update include:
- The latest ONS data covers the period from October to December 2020, providing a snapshot of labour market activity during a period of renewed restrictions, with England entering a second national lockdown in November, alongside another extension of the Job Retention Scheme. The latest data shows a further decrease in employment and another increase in unemployment with the unemployment rate reaching 5.1%. However, the further deterioration in the labour market was relatively modest, particularly in light of the much larger economic hit from the pandemic so far. This is in large part due to the Job Retention Scheme, which continues to support people in work and limit the impact of Coronavirus on the labour market. Employers