IDR | 22 Feb 2022

Early retirement and long-term sickness drive rising economic inactivity

The latest official labour market figures contain new record figures for both vacancies and redundancies as they continue their positive trend, with further indications of a tightening labour market. However, although employment is rising and unemployment falling, the level of economic inactivity remains high and on the increase due to long-term sickness and ‘other’ reasons. A key question is whether this presents an element of slackening or tightening in the current labour market picture (see below).

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