Labour market continues to tighten but pay growth falls further behind inflation

Posted 3 years ago •

cbi-labour-update.jpg

click-here-to-view-report.png

The latest ONS data covers the period from January 2022 to March 2022, providing a snapshot of labour market activity during a period in which the government launched its Living with Covid strategy, with most of the pandemic restrictions lifted. 

The latest data show a labour market that continues to tighten, with employment figures largely unchanged, unemployment decreasing, and vacancies at a new record high. 

Related Articles
  • Pages of documents showing changes in the labour market
    Unemployment Climbs Again as the Jobs Market Weakens

    In the three months to September 2025, unemployment and redundancy levels both rose while the number of employed people and payrolled employees fell, vacancy levels plateaued, and wage growth in the private sector is gradually falling. Consequently, the labour market picture is fundamentally the same, and the jobs market is continuing to show signs of weakening.

  • Pages of documents showing changes in the labour market
    Vacancy Numbers Plateau and Unemployment Levels Rise to Highest Level in Four Years

    Vacancy Numbers Plateau and Unemployment Levels Rise to Highest Level in Four Years

  • Pages of documents showing changes in the labour market
    The Labour Market Continues to cool and Vacancies Fall Again

    In the three months to July 2025, unemployment and employment levels both rose, the economic inactivity level and rate fell, and strong wage growth continued to present signs of slowing.