The UK labour market remained static in January, alleviating fears in some quarters that job losses could be ramping up.
The latest figures from the Office for National Statistics (ONS) released today (20 March) show payrolled employees increased by 9,000 (0%) between December 2024 and January 2025 and rose by 44,000 (0.1%) between January 2024 and January 2025. Annual wage growth excluding bonuses continued to climb, with estimates of 5.9% between November 2024 and January 2025. Bank of England rate setter Ramsden warns of 'concerning developments' in UK labour market Meanwhile the UK unemployment rate was estimated to be 4.4% between November 2024 to January 2025, in line with the figures for Q4 2...
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