{"id":13695,"date":"2024-06-12T15:45:59","date_gmt":"2024-06-12T14:45:59","guid":{"rendered":"https:\/\/www.hiringlab.org\/uk\/?p=13695"},"modified":"2024-06-12T15:46:00","modified_gmt":"2024-06-12T14:46:00","slug":"uk-employment-figures-june-2024","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/","title":{"rendered":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High"},"content":{"rendered":"\n

In the run-up to the 4 July general election, all eyes will be on the strength of the UK\u2019s labour market. The latest figures<\/a> show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth. Meanwhile, a further increase in inactivity underlines the challenge facing the next government in bringing more workers into the labour force.\u00a0<\/p>\n\n\n\n

The data are likely to reinforce divisions in the Monetary Policy Committee (MPC) as it weighs the timing of interest rate cuts. The MPC will take some comfort from the fact that regular pay growth didn\u2019t tick higher, with the single-month figure actually dipping in April after the large minimum wage uplift at the start of that month. <\/p>\n\n\n\n

But more timely data from Indeed show an uptick in posted wage growth for new hires, suggesting pay pressures aren\u2019t yet dissipating. Annual growth in the Indeed Wage Tracker<\/a> rose to a four-month high of 6.5% year-on-year in May. Lower-paid categories, including childcare, cleaning, retail & hospitality, continue to see notably strong posted wage growth amid tight occupation-specific hiring conditions<\/a>.\u00a0<\/p>\n\n\n\n

If wage growth (alongside service-sector inflation) continues to prove sticky, that could delay the timing of any interest rate reductions. <\/p>\n","protected":false},"excerpt":{"rendered":"

Pay pressures remain especially strong in lower-paid occupations.<\/p>\n","protected":false},"author":103,"featured_media":13696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[1],"tags":[252],"post_mwm_category":[349],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[305],"class_list":["post-13695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_mwm_category-state-of-the-labour-market","post_mwm_author-jackkennedy"],"acf":[],"yoast_head":"\nUK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland<\/title>\n<meta name=\"description\" content=\"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"og:description\" content=\"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T14:45:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T14:46:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/uk\/wp-content\/uploads\/sites\/3\/2024\/06\/unnamed-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"889\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jack Kennedy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/\"},\"author\":{\"name\":\"ltheissen\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/#\\\/schema\\\/person\\\/4b5c7a64267b1cb495fb45e90277f353\"},\"headline\":\"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High\",\"datePublished\":\"2024-06-12T14:45:59+00:00\",\"dateModified\":\"2024-06-12T14:46:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/\"},\"wordCount\":218,\"image\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d341ezm4iqaae0.cloudfront.net\\\/hiringlaborg\\\/sites\\\/3\\\/2024\\\/06\\\/02171109\\\/unnamed-1.png\",\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/\",\"url\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/\",\"name\":\"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d341ezm4iqaae0.cloudfront.net\\\/hiringlaborg\\\/sites\\\/3\\\/2024\\\/06\\\/02171109\\\/unnamed-1.png\",\"datePublished\":\"2024-06-12T14:45:59+00:00\",\"dateModified\":\"2024-06-12T14:46:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/#\\\/schema\\\/person\\\/4b5c7a64267b1cb495fb45e90277f353\"},\"description\":\"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d341ezm4iqaae0.cloudfront.net\\\/hiringlaborg\\\/sites\\\/3\\\/2024\\\/06\\\/02171109\\\/unnamed-1.png\",\"contentUrl\":\"https:\\\/\\\/d341ezm4iqaae0.cloudfront.net\\\/hiringlaborg\\\/sites\\\/3\\\/2024\\\/06\\\/02171109\\\/unnamed-1.png\",\"width\":1600,\"height\":889,\"caption\":\"Line chart titled \u201cUK labour market continues to gradually loosen\u201d shows the ratio of unemployed people to vacancies from 2001 to 2024. Though the ratio has risen recently, it remains low at 1.7.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/2024\\\/06\\\/12\\\/uk-employment-figures-june-2024\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/#website\",\"url\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/\",\"name\":\"Indeed Hiring Lab UK I Ireland\",\"description\":\"Indeed Hiring Lab UK I Ireland\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/#\\\/schema\\\/person\\\/4b5c7a64267b1cb495fb45e90277f353\",\"name\":\"ltheissen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"caption\":\"ltheissen\"},\"url\":\"https:\\\/\\\/www.hiringlab.org\\\/uk\\\/blog\\\/author\\\/ltheissen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland","description":"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/","og_locale":"en_US","og_type":"article","og_title":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland","og_description":"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.","og_url":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/","og_site_name":"Indeed Hiring Lab UK I Ireland","article_published_time":"2024-06-12T14:45:59+00:00","article_modified_time":"2024-06-12T14:46:00+00:00","og_image":[{"width":1600,"height":889,"url":"https:\/\/www.hiringlab.org\/uk\/wp-content\/uploads\/sites\/3\/2024\/06\/unnamed-1.png","type":"image\/png"}],"author":"Jack Kennedy","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#article","isPartOf":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/"},"author":{"name":"ltheissen","@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353"},"headline":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High","datePublished":"2024-06-12T14:45:59+00:00","dateModified":"2024-06-12T14:46:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/"},"wordCount":218,"image":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/06\/02171109\/unnamed-1.png","keywords":["Featured"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/","url":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/","name":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High - Indeed Hiring Lab UK I Ireland","isPartOf":{"@id":"https:\/\/www.hiringlab.org\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/06\/02171109\/unnamed-1.png","datePublished":"2024-06-12T14:45:59+00:00","dateModified":"2024-06-12T14:46:00+00:00","author":{"@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353"},"description":"The latest figures show a now-familiar combination of further cooling in the labour market and stubbornly strong wage growth.","breadcrumb":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#primaryimage","url":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/06\/02171109\/unnamed-1.png","contentUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/06\/02171109\/unnamed-1.png","width":1600,"height":889,"caption":"Line chart titled \u201cUK labour market continues to gradually loosen\u201d shows the ratio of unemployed people to vacancies from 2001 to 2024. Though the ratio has risen recently, it remains low at 1.7."},{"@type":"BreadcrumbList","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/06\/12\/uk-employment-figures-june-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.hiringlab.org\/uk\/"},{"@type":"ListItem","position":2,"name":"UK Employment Figures, June 2024: Labour Market Continues to Gradually Loosen but Wage Growth Remains High"}]},{"@type":"WebSite","@id":"https:\/\/www.hiringlab.org\/uk\/#website","url":"https:\/\/www.hiringlab.org\/uk\/","name":"Indeed Hiring Lab UK I Ireland","description":"Indeed Hiring Lab UK I Ireland","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hiringlab.org\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353","name":"ltheissen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","caption":"ltheissen"},"url":"https:\/\/www.hiringlab.org\/uk\/blog\/author\/ltheissen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts\/13695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/comments?post=13695"}],"version-history":[{"count":0,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts\/13695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/media\/13696"}],"wp:attachment":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/media?parent=13695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/categories?post=13695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/tags?post=13695"},{"taxonomy":"post_mwm_category","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_mwm_category?post=13695"},{"taxonomy":"post_topic","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_topic?post=13695"},{"taxonomy":"post_content_type","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_content_type?post=13695"},{"taxonomy":"post_duration","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_duration?post=13695"},{"taxonomy":"post_actions","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_actions?post=13695"},{"taxonomy":"post_franchise","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_franchise?post=13695"},{"taxonomy":"post_mwm_author","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_mwm_author?post=13695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}