Labour market analysis, 12 December 2023

Responding to the labour market stats release by ONS on 12 December 2023, Helen Gray, chief economist of Learning and Work Institute, said:


12 12 2023


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As ONS has only published a partial set of labour market statistics for the past few months, our ability to explore the nuances underlying today’s headline figures is again limited. There has been little change in the key indicators in recent months, with the rates of unemployment, employment and economic inactivity all the same in the August to October quarter of 2023 as in the May to July quarter. However, ONS have not published information on the reasons for economic inactivity, the educational status of young people and the duration of unemployment spells since their September 2023 release. This means that turbulence may be passing unnoticed below the apparent stability in the labour market.

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