Spotlight

March 2024 UK Labour Market Update: Incrementally Cooling

Jack Kennedy - 22 March 2024
The timing of potential interest rate cuts remains dependent on taming persistently strong wage growth.
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Employee working at desk looking at computer.

Featured

UK Employment Figures, March 2024: Labour Market Continues to Gradually Cool

Jack Kennedy - 12 March 2024
Wage growth has eased, but there’s still a way to go before interest rate cuts are on the cards.

Remote Work Remains a Fixture in (Most) European Job Markets

Alexandre Judes - 15 February 2024
The prevalence of remote work in job postings remains generally stable in the three largest European economies, despite increasing calls for a widespread return to the office. In the United States, the decline in digital jobs alone explains the observed reduction in remote work in postings.

Labour Market Updates

February 2024 UK Labour Market Update: UK Job Postings Failed to Deliver the Usual Bounce in January

Jack Kennedy - 7 February 2024
Job postings have slipped below pre-pandemic levels for the first time since May 2021.
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Young person analysing computer data

January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised

Jack Kennedy - 29 January 2024
Job postings have declined further from peaks and are now below pre-pandemic levels.
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Person reading paperwork at home office desk

Indeed’s 2024 UK Jobs & Hiring Trends Report: Challenges Ahead in 2024

Jack Kennedy - 7 December 2023
The UK labour market is gradually cooling off amid a challenging economic climate, a trend that looks set to continue in 2024.
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Employee looking uneasily out of the office window

November 2023 UK Labour Market Update: Further Softening

Jack Kennedy - 21 November 2023
Pay rising the most in real terms for two years.
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Business associates in a meeting around conference table

October 2023 UK Labour Market Update: Gradual Cooling

Jack Kennedy - 30 October 2023
Hiring appetite continues to slow amid economic uncertainty.
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Designers using laptop in office

September 2023 UK Labour Market Update: Real Wage Growth Brings Belated Good News for Workers 

Jack Kennedy - 26 September 2023
Labour market continues to soften and is likely to continue to do so.
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Team members around a conference table happily discussing business
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More Articles

State of the Labour Market
Irish Job Postings Continue to Gradually Normalise
Designer taking notes at laptop
Jack Kennedy - 14 March 2024
Designer taking notes at laptop
State of the Labour Market
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Jack Kennedy - 15 February 2024
Young traders working in stock market
State of the Labour Market
UK Employment Figures, February 2024: Tight Labour Supply Could Mean Sticky Wage Growth
Line chart titled “Record inactivity due to ill health” shows the number of people economically inactive due to long-term sickness between January 1995 and December 2023. The number of people inactive due to long-term sickness stood at a near-record 2.8 million in the three months to December 2023.
Jack Kennedy - 13 February 2024
Line chart titled “Record inactivity due to ill health” shows the number of people economically inactive due to long-term sickness between January 1995 and December 2023. The number of people inactive due to long-term sickness stood at a near-record 2.8 million in the three months to December 2023.
Geographic Insights
State of the Labour Market
Global Wage Growth: Slowing Down in the Euro Area, UK, and US
Person looking at bar graph on computer screen, working late in the office
Pawel Adrjan & Reamonn Lydon - 17 January 2024
Person looking at bar graph on computer screen, working late in the office
State of the Labour Market
UK Employment Figures, January 2024: Gradual Softening Continues
Line chart titled “Wage growth eases but still high” shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth eased to 6.6% y/y in the latest period, while real wage growth picked up to 1.4% y/y.
Jack Kennedy - 16 January 2024
Line chart titled “Wage growth eases but still high” shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth eased to 6.6% y/y in the latest period, while real wage growth picked up to 1.4% y/y.
State of the Labour Market
UK Employment Figures, December 2023: Continued Cooling
Line chart titled “Wage growth eases but still high” shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth eased to 7.3% y/y in the latest period, while real wage growth picked up to 1.4% y/y.
Jack Kennedy - 13 December 2023
Line chart titled “Wage growth eases but still high” shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth eased to 7.3% y/y in the latest period, while real wage growth picked up to 1.4% y/y.
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