REC response to ONS labour market figures, May 2025

The ONS published its latest labour market figures this morning. The Recruitment and Employment Confederation (REC) Deputy Chief Executive Kate Shoesmith said:

“Today’s data mirrors the picture we are seeing across our own and others’ jobs reports. While there are few surprises, the lack of momentum in the jobs market is the key issue here, with vacancies falling back further – an expected outcome after recent rises to employment costs. But much of the data now also points towards an upturn in the second half of 2025 - and not before time.

“The Minister is right to call out two things: the need for workers and business investment. The labour market is the engine that will drive productivity and growth. If the government are to achieve their goal of 80% employment, they will need to come good on both of these.

“Employers’ ears will turn to the remaining stages of the Employment Rights Bill in Parliament which desperately requires amendments to address employers’ fears and boost hiring. Reducing the bureaucracy for firms in complying with the Bill will significantly calm nerves about dipping toes into the job market.”