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Number of vacancies softens and record pay growth fails to keep pace with inflation

Posted 3 years ago •

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The latest ONS data cover the period from September to November 2022 and show a labour market that is starting to evidence early signs of softening, with the employment rate unchanged from the previous quarter, the unemployment rate increasing, economic inactivity decreasing and vacancies falling for the sixth quarter in a row. 

Real time Pay-As-You-Earn data for December 2022 showed that the number of payrolled employees increased, up by 28,000 to 29.9 million. 

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