Labour Market Statistics – May 2024

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This briefing note from the Institute for Employment Studies (IES) sets out analysis of the Labour Market Statistics published recently. Estimates of employment, unemployment and economic inactivity are almost identical to the figures published last month. The employment rate remains at its lowest since 2017, while economic inactivity is at its highest in nearly a decade. The last few years have seen the most significant and prolonged contraction in the size of the labour force since the late 1980s recession, which is holding back growth and undermining improvements in living standards. Click here for more.