Employment Rate
The UK employment rate increased by 2.2 percentage points. A decrease in part time workers has offset the increase in full time employees:
Unemployment Rate
The UK unemployment rate fell by 2.2 percentage points, mirroring the employment rate. The majority of these have been unemployed for up to 6 months:
Economic Inactivity
Returning students drove a decrease in economic inactivity:
Job Vacancies
Job vacancies remain at record levels (currently 1,300,000); however, the rate of growth continues to decelerate:
Earnings
When adjusted for inflation regular pay (excluding bonus') fell by 2.2% on last year. High bonus payments kept total pay (including bonus') at a positive growth rate. The increasing cost of living will continue to challenge employers, who have so far combated the problem by issuing bonus payments.
With job vacancies at a record high and starting pay on the rise, it is a great time to be looking for work. Search our live job vacancies or visit out looking for work page to see how we can help find you your next role.
Last months: Labour Market Overview May'22: "For the | Smith and Reed Recruitment
Full overview: Labour market overview, UK - Office for National Statistics (ons.gov.uk)