Labour market analysis, September 2024

Responding to the labour market stats release by ONS on 10 September 2024.

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10 09 2024

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Stephen Evans, chief executive of Learning and Work Institute, said:
The labour market continues to show signs of easing on most measures. Employment growth looks to have slowed at best and vacancies are down one third since their peak, though still above pre-pandemic levels. The Government will set out its plans to increase employment in the autumn as part of its push for growth. We estimate its 80% employment rate ambition would mean 2.4 million more people in work, boosting the economy by more than £20 billion. That requires extending support to the nine-in-ten out-of-work disabled people who don’t get help to find work each year. The challenge is large, but so is the prize.

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