Wage growth persists while employment figures continue to paint a mixed picture.
Learn about the latest trends in the labour market.
In the quarter to November 2024, wage growth across the economy remained strong, unemployment and employment levels both increased, and economic inactivity marginally fell but remains high. This paints a mixed picture of the labour market, with conditions cooling but the challenges associated with activating the finite labour supply persisting.
The UK employment rate (for people aged 16 to 64 years) was estimated at 74.8% in the period September to November 2024, which is slightly down on the quarter and reversing the gains made earlier in 2024. The UK unemployment rate (for people aged 16 years and over) was estimated at 4.4% during the same period, slightly up on the year and the quarter.
Download the full labour market update, in partnership with Pertemps, below.
The UK economic inactivity rate for people aged 16 to 64 years was estimated at 21.6% in the p
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