Labour market continues to create jobs but pay growth fails to keep up with inflation

 

The latest ONS data covers the period from December 2021 to February 2022, providing a snapshot of labour market activity during a period in which the Omicron variant meant work-from-home guidance was reinstated.

The latest data show a labour market that continues to tighten, with employment figures largely unchanged, unemployment decreasing, and vacancies at a new record high. 

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