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CBI/Pertemps Labour Market Update: January 2024

Read more about the latest labour market intelligence

17 Jan 2024, 1 min read

The latest ONS statistics from October to December 2023 shows a labour market that remains tight overall but continues to slowly soften. This softening is limited to falling vacancies with the employment rate, unemployment rate and economic inactivity broadly unchanged from the last quarter. Vacancies have fallen for the eighteenth consecutive month but are still higher than the pre-pandemic norm.

Growth in regular pay was 6.6% in the quarter to November 2023 – down from 7.2% in the previous period. It is likel

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