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 hours worked data.
Highlights from this month’s Labour market update include:
- The latest ONS data covers the period from March to May 2021, providing a snapshot of labour market activity during the gradual reopening of the economy out of lockdown. The latest data show further signs of recovery with employment increasing, unemployment decreasing, and vacancies exceeding pre-pandemic levels. Real-time Pay-As-You-Earn data for May 2021 indicates the number of payroll employees has increased once again, up by 356,000 in June 2021 to 28.9 million. Payrolls remain, however, 206,000 below levels seen before the pandemic. But for the first time since the beginning of the pandemic, the number of payroll employees in some regions is now above pre-pandemic (February 2020) levels. These include North East, North West, East M