Wage growth plateaus but remains strong, while vacancy levels continue to dip.
In the three months to March 2025, wage growth across the economy remained strong and, while wages continued to rise in nominal and real terms, the rate of wage growth is showing signs of slowing. Unemployment and employment levels have both risen again, and the economic inactivity figure fell but still sits above 9 million. The labour market picture, therefore, remains the same, and the challenge of supporting people to enter and stay in the labour market continues to be a top priority.
The UK employment rate (for people aged 16 to 64 years) was estimated at 75.0% in the period between January 2025 and March 2025, which is unchanged on the quarter but slightly up on the year. The UK unemployment rate (for people aged 16 and over) was estimated at 4.5% in the three months to March 2025, which is slightly up on the year and t
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