Luca Sampson Grimbly | 16 Mar 2022

Labour market tightens at start of 2022

Both vacancies and redundancies continue their record breaking high and low respectively, according to the latest official labour market figures from the Office of National Statistics. Employment continues to grow steadily while the figures for unemployment continue to decline. The level of economic inactivity continues to grow steadily due to reasons relating mostly to long-term sickness and early retirements, but this may tighten the market further if these groups choose not to return to the workforce, as is likely.

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