Unemployment has continued to fall and vacancies have risen to a new record level, according to the latest labour market figures from the Office for National Statistics. Employment is steady, and while it remains below pre-pandemic levels, separate figures on the number of employees on payrolls indicate that these are well above pre-pandemic levels. Redundancies have fallen further. The figures show that the labour market continues to tighten, at a point when many organisations, in both the private and public sectors, have still to make pay awards for 2022. Latest figures for inflation, meanwhile, are expected tomorrow.
