The Institute for Employment Studies published this briefing note, on Wednesday 31 January 2024, and it sets out analysis of the current Labour Market Statistics.

Although there remains significant uncertainty around labour data, figures show the labour market continuing to cool down, with vacancies falling by a further 50 thousand on the quarter (to 935 thousand) and earnings growth dipping below 6%.

However, they also show an unexpected slight improvement in the estimated employment rate, driven by falling ‘economic inactivity’.

Read more here.