
Labour market: working people are still paying the price for austerity
Many have argued that employment gains somehow compensate for earnings losses, but this is false

Many have argued that employment gains somehow compensate for earnings losses, but this is false

Unemployment decreased by 76,000 in the three months to February 2015 to 1.84 million, with the unemployment rate now at 5.6 per cent, today’s labour market statistics reveal

Unemployment decreased by 102,000 in the three months to January 2015

And getting back to pre-recession wages is going to take an awfully long time

But the quality of jobs is improving

Unemployment decreased by 58,000 in the three months to November 2014 to 1.91 million, with the unemployment rate now at 5.8 per cent, today’s labour market statistics reveal

The monthly figures show positive real earnings for the first time since 2009.

Unemployment decreased by 115,000 in the three months to September 2014 to 1.96 million, with the unemployment rate now at 6.0 per cent, today’s labour market statistics reveal.

We’re going down an uncertain path, with serious threats for working people.

The six-year real wage squeeze has no recorded historical precedent.