Latest labour market statistics in from ONS

Latest figures from the ONS labour market review show promising growth. Estimates for November 2021 to January 2022 show a continuing recovery in the labour market, with a quarterly increase in the employment rate and a decrease in the unemployment rate. However, economic inactivity has increased slightly on the quarter.

The UK employment rate increased by 0.1 percentage points on the quarter to 75.6%. Full-time employees drove the increase in the employment rate during the latest three-month period. While the number of part-time employees decreased significantly during the coronavirus pandemic, it has been steadily increasing since April to June 2021. However, the number of self-employed workers remains low following decreases through the coronavirus pandemic.

Estimates of pay rolled employees show another monthly increase (up 275,000) in February 2022 to a record 29.7 million.