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Economic inactivity decreases, vacancies continue to fall but shortages are still a brake on growth

Posted 2 years ago •

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The latest ONS data cover the period from February to April 2023 and show a labour market that remains tight but continues to soften, with the employment rate increasing, unemployment remaining low, and economic inactivity and vacancies both falling.

Real time Pay-As-You-Earn data for May 2023 showed that the number of payrolled employees increased by 23,000 to 30 million.

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