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Highest Unemployment Level in Over Three Years as Labour Market Cools - NIESR
Growth in regular average weekly earnings remains strong at 5.6 per cent in the three months to March 2025, and 5.5 per cent if we include bonuses.
With inflation falling, workers continue to improve their living standards with annual growth in real regular pay at 1.8 per cent.
Unemployment rose to 4.5 per cent, its highest level in over three years amidst the labour market gradually cooling.
With hiring activity continuing to fall, we can expect wage pressures to somewhat ease in the coming months but to remain high by historical standards.
With inflation falling, workers continue to improve their living standards with annual growth in real regular pay at 1.8 per cent.
Unemployment rose to 4.5 per cent, its highest level in over three years amidst the labour market gradually cooling.
With hiring activity continuing to fall, we can expect wage pressures to somewhat ease in the coming months but to remain high by historical standards.
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