jobs
Unemployment down 57,000 to 2.51 million
Unemployment decreased by 57,000 between March 2013 and May 2013 to 2.51 million, with the unemployment rate now at 7.8 per cent, today’s labour market statistics reveal.
The employment figures can’t hide the fact that Britain needs a pay rise
Today’s employment figures include a couple of headlines the government will be grateful for and what seems like an improvement on the pay front. But when you look at the labour market from a slightly longer perspective, the picture is less brilliant.
Unemployment down 5,000 to 2.51 million
Unemployment decreased by 5,000 between February 2013 and April 2013 to 2.51 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.
Today’s labour market statistics: ‘the good, the bad and the ugly’
The 'recovery' in the wider economy is not being matched by rising real wages or rising living standards, instead the demand-constrained UK economy might be stumbling into a lower wage, lower productivity growth model with serious implications for living standards in the future.
Unemployment up 15,000 to 2.52 million
Unemployment rose by 15,000 between January 2013 and March 2013 to 2.52 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.
The weakness of the wider economy is catching up with the labour market
Whilst important not to read too much into one set of figures, it may now be the case that the weakness of the wider economy is catching up with the labour market.