Tuesday, February 15, 2022

ONS: Labour market statistics

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office for national statistics

Employment and labour market

15 February 2022

Labour market statistics: February 2022

Commenting on today's labour market figures, ONS head of economic statistics Sam Beckett:

"The number of employees on payrolls rose again in January 2022 and is now well above pre-pandemic levels. However, our Labour Force Survey shows the number of people in employment overall is well below where it was before COVID-19 hit. This is because there are now far fewer self-employed people.

"The survey also shows that unemployment has fallen again and is now only fractionally above where it was before the pandemic. However over the same period, nearly 400,000 people, mostly the over-50s, have disengaged from the world of work altogether and are neither working nor looking for a job."

She continued:

"After taking account of recent rises in consumer prices, real total pay fell in the year to October-December 2021, despite a strong recovery in bonuses."

See our main points here

The summary UK labour market bulletin is here.

Our experimental release on real-time information from the PAYE system includes a 'flash estimate' of the number of employees paid through the tax system for January 2022 here.

Today we also publish our flash estimate for productivity in Quarter 4 2021

 


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