Well well well i thought labour said they would create more jobs bring unemployment down and get the disabled into work?
Pogeos on
Who can have predicted that if you tax labour in service oriented economy- that would affect wages and employment?
I work in a relatively typical medium sized IT company (there are 50-100 like ours) and what I written below is relevant to many others (I do talk to my counterparts in our businesses and all of them are in the same boat):
We did a calculation last year and stopped all hiring in the uk, we continue to hire in Portugal and Romania. Salary increases were also directly impacted with those 2% just directly deducted from the increase, as the result most people got 1-3% increase instead of healthy 3-5%. Ofc to offset it all we will increase prices by more than usual, and that would contribute to the inflation (unfortunately for us old contracts will last for another 9-12 month).
Opposite_Boot_6903 on
>Data from the Office for National Statistics (ONS) showed that regular pay, excluding bonuses, grew by 5.2% in the three months to April. That marks a dip from 5.5% in the previous period and comes in slightly below the 5.3% figure forecast by analysts.
>At the same time, the UK unemployment rate edged up to 4.6% — the highest level since July 2021 — highlighting continued softness in the labour market. The figure is up from 4.5% and adds to mounting evidence that the post-Covid employment boom is waning.
Both figures have barely changed.
Optimaldeath on
I really do wish they would include all relevant data.
And yet a lot more was made of removing the Winter Fuel Allowance for rich pensioners, so everything is okay now lol
sashazanjani on
I guess increasing the national allowance etc means companies are reducing their hiring.
cbawiththismalarky on
so interest rate cuts then? Which is good/bad depending on which day the headline was written
Convincing_Tree on
Inflation up, unemployment up, house prices down. Where are those guys that were trying to tell me the other day how labour were economic geniuses?
Carbonatic on
It’s still low. We should probably be more concerned with under-employment. How many people are technically employed, but only part time, with their wages being subsidised by the state?
Sure they’re working, but they’re not being offered enough work to live securely, so the government has to step in.
Edit: The data is quite raw and not nice to look at, you will have to download spreadsheets and filter your own query to download for your area so just a warning in advance.
dcrm on
This is going to get worse, there’s no way it doesn’t. Hope people have got savings.
EconomyLingonberry63 on
Get out there and work you lazy young people, the oap winter fuel payment isn’t going to pay for itself. We need a months tax of every minimum wage worker to pay for it
FewEstablishment2696 on
Crickey, there’s a lot of negativity around what are fundamentally OK figures.
Employment UP
There are 34,011,000 people employed in the UK, which is 89,000 higher than the previous quarter and 667,000 higher than the previous year – ONS June 2025 (Release date: 10 June 2025)
Employment rate UP
Unemployment is up slightly (up 115,000 compared to a year ago) however, the overall employment rate is 75.1% which is 0.1 higher than the previous quarter and 0.7% higher than the previous year – ONS June 2025 (Release date: 10 June 2025)
Economic inactivity DOWN
Economic inactivity rate is 21.3% which is 0.2% lower than the previous quarter and 0.9% lower than the previous year – ONS June 2025 (Release date: 10 June 2025)
Wages UP
Annual growth in employees’ average earnings for regular earnings (excluding bonuses) was 5.2%. Annual average regular earnings growth was 5.1% for the private sector and 5.6% for the public sector – ONS June 2025 (Release date: 10 June 2025)
Annual growth in real terms, adjusted for inflation using the Consumer Prices Index excluding owner occupiers’ housing costs (CPI), was 2.1% for regular pay and 2.3% for total pay in February to April 2025 – ONS June 2025 (Release date: 10 June 2025)
EdmundTheInsulter on
I don’t see this as surprising given Trump uncertainty. If anything the small rise maybe shows resilience of labour market.
Relative-Chain73 on
Wasn’t 2 days ago the wage growth was all time high?
16 commenti
Just a reminder:
2010: 7.7% unemployment
4th July 2024 (General election): 4% unemployment
April 2025: 4.6% unemployment
Well well well i thought labour said they would create more jobs bring unemployment down and get the disabled into work?
Who can have predicted that if you tax labour in service oriented economy- that would affect wages and employment?
I work in a relatively typical medium sized IT company (there are 50-100 like ours) and what I written below is relevant to many others (I do talk to my counterparts in our businesses and all of them are in the same boat):
We did a calculation last year and stopped all hiring in the uk, we continue to hire in Portugal and Romania. Salary increases were also directly impacted with those 2% just directly deducted from the increase, as the result most people got 1-3% increase instead of healthy 3-5%. Ofc to offset it all we will increase prices by more than usual, and that would contribute to the inflation (unfortunately for us old contracts will last for another 9-12 month).
>Data from the Office for National Statistics (ONS) showed that regular pay, excluding bonuses, grew by 5.2% in the three months to April. That marks a dip from 5.5% in the previous period and comes in slightly below the 5.3% figure forecast by analysts.
>At the same time, the UK unemployment rate edged up to 4.6% — the highest level since July 2021 — highlighting continued softness in the labour market. The figure is up from 4.5% and adds to mounting evidence that the post-Covid employment boom is waning.
Both figures have barely changed.
I really do wish they would include all relevant data.
[https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/june2025](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/june2025)
Some bad trends some good trends.
And yet a lot more was made of removing the Winter Fuel Allowance for rich pensioners, so everything is okay now lol
I guess increasing the national allowance etc means companies are reducing their hiring.
so interest rate cuts then? Which is good/bad depending on which day the headline was written
Inflation up, unemployment up, house prices down. Where are those guys that were trying to tell me the other day how labour were economic geniuses?
It’s still low. We should probably be more concerned with under-employment. How many people are technically employed, but only part time, with their wages being subsidised by the state?
Sure they’re working, but they’re not being offered enough work to live securely, so the government has to step in.
For anyone looking to assess their local region’s situation when it comes to almost anything look here: [ONS NOMIS QUERY TOOL](https://www.nomisweb.co.uk/query/select/getdatasetbytheme.asp?theme=28)
Edit: The data is quite raw and not nice to look at, you will have to download spreadsheets and filter your own query to download for your area so just a warning in advance.
This is going to get worse, there’s no way it doesn’t. Hope people have got savings.
Get out there and work you lazy young people, the oap winter fuel payment isn’t going to pay for itself. We need a months tax of every minimum wage worker to pay for it
Crickey, there’s a lot of negativity around what are fundamentally OK figures.
Employment UP
There are 34,011,000 people employed in the UK, which is 89,000 higher than the previous quarter and 667,000 higher than the previous year – ONS June 2025 (Release date: 10 June 2025)
Employment rate UP
Unemployment is up slightly (up 115,000 compared to a year ago) however, the overall employment rate is 75.1% which is 0.1 higher than the previous quarter and 0.7% higher than the previous year – ONS June 2025 (Release date: 10 June 2025)
Economic inactivity DOWN
Economic inactivity rate is 21.3% which is 0.2% lower than the previous quarter and 0.9% lower than the previous year – ONS June 2025 (Release date: 10 June 2025)
Wages UP
Annual growth in employees’ average earnings for regular earnings (excluding bonuses) was 5.2%. Annual average regular earnings growth was 5.1% for the private sector and 5.6% for the public sector – ONS June 2025 (Release date: 10 June 2025)
Annual growth in real terms, adjusted for inflation using the Consumer Prices Index excluding owner occupiers’ housing costs (CPI), was 2.1% for regular pay and 2.3% for total pay in February to April 2025 – ONS June 2025 (Release date: 10 June 2025)
I don’t see this as surprising given Trump uncertainty. If anything the small rise maybe shows resilience of labour market.
Wasn’t 2 days ago the wage growth was all time high?