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UK Wage Growth Steady Amid Falling Job Vacancies

2/20/2025

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Summary

UK Wage Growth

Wage growth in the UK stayed robust in late 2024, with unemployment at 4.4% and economic inactivity at 21.5%.
Job vacancies fell by 9,000, continuing a 31-quarter decline.
The South of England experienced the steepest drop in job vacancies since the financial crisis, influenced by reduced pay and hiring caution.
Businesses are requesting government assistance to boost productivity amid looming tax increases.

Summary

Job Growth Surge

White-collar job postings increased by 54% in January 2025, marking a three-month high.
The US contributed 31% to job creation, followed by India at 16.61% and the UK at 7.72%.
Poland entered the top 10 for job creation, fueled by demand in financial services.
Professional services roles grew by 38.16%, with India experiencing a 58.13% rise in new jobs.
Consumer Goods & Services in the US saw a 26.15% decline, indicating consumer confidence issues.

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UK Wage Growth

Wage growth in the UK stayed robust in late 2024, with unemployment at 4.4% and economic inactivity at 21.5%.
Job vacancies fell by 9,000, continuing a 31-quarter decline.
The South of England experienced the steepest drop in job vacancies since the financial crisis, influenced by reduced pay and hiring caution.
Businesses are requesting government assistance to boost productivity amid looming tax increases.

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