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CBI/Pertemps Labour Market Update: March 2024

Learn about the latest trends in the labour market.

26 Mar 2024, 2 min read

The latest ONS data covers the period from December 2023 to February 2024 and shows a largely unchanged labour market that remains tight overall but continues to slowly soften. UK employment is up on the year but down on the quarter, while economic inactivity has slightly increased. The unemployment rate is above estimates of a year ago but largely unchanged on the latest quarter. Vacancies continue to fall but are still above pre-pandemic levels.

The economic inactivity rate was largely unchanged on the last quarter but is higher than estimates a year ago and increased in the latest quarter. The increase is largely due to a rise in the number of students. Those inactive due to long-term sickness has fallen slightly this quarter, but the trend still appears to be rising. The number of vacancies continues to fall. This is the 20th consecutive period in which vacancies have falle

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