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Posted around 8 months ago •
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.
In the quarter to May 2026, employment levels rose, unemployment and economic inactivity fell, vacancy levels showed signs of stabilising, and nominal regular wage growth remained at its lowest level in over five years. Concerningly high youth unemployment levels have also persisted.
In the quarter to April 2026, employment and inactivity levels rose, unemployment fell, vacancies continued to decline, and regular wage growth in the private sector slowed to its lowest level in over five years. Youth unemployment also remained concerningly high.