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 January to March 2021, providing a snapshot of labour market activity during a period of renewed restrictions but also the announcement of a roadmap out of lockdown. The latest data shows that the labour market has remained stable, though there were some early signs of recovery with employment increasing and unemployment decreasing. However, with the reintroduction of tighter restrictions at the start of the year, total hours worked decreased on the quarter. Overall, the labour market has held up reasonably well, particularly in light of the fall in GDP in the first quarter (1.5% q/q). This is in large part due to the Job R