Are the employment figures about to get worse?
The headline employment and unemployment figures may be about to take a turn for the worse, writes Richard Exell, Senior Policy Officer at the TUC.
The headline employment and unemployment figures may be about to take a turn for the worse, writes Richard Exell, Senior Policy Officer at the TUC.
Today’s job figures are good, but the news on public sector employment is turning gloomy much faster than expected – and there are quite a few other worries.
The latest news on jobs highlights the weak state of the labour market and does not paint the picture of an economy just about to return to confidence.
Richard Exell takes a look at the latest job figures, which show some positive movement but also worrying signs for women and the over 50s.
Unemployment fell and employment rose in today’s labour market statistics, and most of the growth is accounted for by full-time employee jobs. But is it a blip?
The budget had very little to say about employment and unemployment, reports Richard Exell.
Social Fund cuts announced yesterday by Steve Webb will hit the poor and needy and plans for handing the Fund over to local authorities will make things even worse.
If today’s figures mark the start of a widely predicted increase in unemployment, more and more people could find themselves getting less and less help.
The proportion of university leavers out of work has nearly doubled since before the recession, an increase from 10.6 per cent to 18.5 per cent.
The unemployment rate rose from 7.7 to 7.9 per cent, the highest since March, while the employment figures are equally grotty, down 64,000 from last month.