The labour market continues to send mixed signals with a continued softening of hiring intentions and vacancies, but easing pay pressures and a small decrease in long-term sickness for the fourth month in a row.
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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.