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CBI/Pertemps Labour Market Update: May 2024

15 May 2024, 2 min read

Unemployment and inactivity rise while pay plateaus.

The latest ONS data shows a largely unchanged labour market that remains tight overall but continues to slowly soften. The UK employment rate (for people aged 16 to 64 years) was estimated at 74.5% in January to March 2024, below estimates of a year ago, and decreased in the latest quarter.

The UK unemployment rate (for people aged 16 years and over) was estimated at 4.3% from January to March 2024, above estimates of a year ago, and increased in the lat

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