Resource Centre / Labour Market Updates /

Wage growth plateaus but remains strong, while vacancy levels continue to dip

Posted 1 year ago •

Pages of documents showing changes in the labour market

Labour Market update report

In the three months to March 2025, wage growth across the economy remained strong and, while wages continued to rise in nominal and real terms, the rate of wage growth is showing signs of slowing.

Related Articles
  • labour market update report
    Unemployment rate returns to 5% and vacancies fall to post-pandemic low

    In the quarter to March 2026, unemployment levels fell, but the unemployment rate (5.0%) is up on last month’s figure (4.9%). Employment and economic inactivity both rose, and vacancies declined even further.

    Labour Market Updates
  • labour market update report
    Unemployment rate falls to 4.9%, but signs of hiring caution remain

    In the quarter to February 2026, the unemployment level and rate fell, employment levels rose slightly but the employment rate decreased, and wage growth continued to slow. There was also a notable uptick in economic inactivity, and vacancies have fallen even further.

    Labour Market Updates
  • labour market update report
    UK Labour Market Cooling Continues And Business Hiring Caution Persists

    In the quarter to January 2026, employment and unemployment levels both rose, the inactivity rate fell, vacancies were broadly unchanged, and regular wage growth slowed to its lowest level in five years.

    Labour Market Updates