The latest figures from the Labour Force Survey (LFS) show a continuing recovery in the labour market, with a new all-time high for vacancies as well as a record low for redundancies. Combined with growth in employment and falling unemployment, the market’s conditions are tight and suggest a positive outlook for jobseekers in 2022. The level of economic inactivity, however, has begun to rise, driven mostly by early retirement but possibly impacted by COVID-19-related long-term illness.
