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The latest ONS Labour Market Overview reported:

1.33 million people were unemployed; 23.5% have been unemployed for more than 12 months and a 0.1% increase on previous quarter

  • Employment rate increased slightly to 75.9%
  • 8.73 million people are economically inactive, 156,000 lower than the last quarter, driven by part time and self-employed workers.
  • Economic inactivity is still 361,000 higher than pre-pandemic levels, and 586,000 are classified as long term sick but want to have a job
  • Record high movement of people out of economic inactivity into employment
  • Vacancies fell again to 1.08 million, the tenth consecutive quarterly fall.  The number of unemployed people per vacancy was 1.2
  • The number of payrolled employees fell for the first time since February 2021 down 136,000 to at 29.8 million
  • Growth in total pay was 5.8% and regular pay was 6.7% and they fell in real terms by 3% and 2% respectively.
  • 5.9 million people were claiming Universal Credit, of which 1.44 million were searching for work
  • Redundancies fell to 2.8 per thousand employees and is lower than pre-pandemic levels