Labour Market Profile - April 2022 - EU Skills

Labour Market Profile – April 2022

This latest labour market update summarises the state of the UK labour market in the three months to March 2022. It is based on data published by the Office for National Statistics.

Labour Market Profile - April 2022
Labour Market Profile – April 2022

The most recent data show the labour market continuing to recover from the impact of the coronavirus pandemic:

  • The number of payrolled employees increased by 0.1% over the past month to 29.6million (up 4.9% over the year)
  • The employment rate remained unchanged over the quarter at 75.5% (up 0.8% over the year)
  • The unemployment rate decreased by 0.2% over the quarter to 3.8% (down 1.2% over the year)
  • The economic inactivity rate increased by 0.2% over the quarter to 21.4% (up 0.2% over the year)
  • Redundancies fell by 3,000 over the quarter to 75,000 (134,000 fewer than a year ago)
  • Vacancies increased by 4.1% over the quarter to reach another record high of 1,288,000 (up 105.8% over the year)
    • In the Electricity & Gas industry, the number of vacancies fell by 14% during the quarter (and by 4% over the year) to c5,000
    • In the Water supply, sewerage, waste & remediation activities industry, the number of vacancies fell by 8% during the quarter (though still 90% higher than a year ago) to c8,000
  • Total hours worked increased by 18.8million hours over the quarter to 1.04billion hours (and up 79.4million hours over the year)
  • Earnings growth in average total pay (including bonuses) was 5.4% and regular pay (excluding bonuses) was 4.0%
    • In real terms (adjusted for inflation), growth in total pay was 0.4% on the quarter, although regular pay fell by 1.0%

The Office for National Statistics’ full update on the state of the labour market in April 2022 can be found here.

The next update will be on 17 May 2022.

For further information about the labour market, migration or regional labour market indications, please email Rob Murphy, our in-house strategic workforce planning consultant.