Headline unemployment fall is good news, but underlying picture remains grim
The ‘recovery’ in the labour market over the most recent quarter has been characterised by part-time work and slowing wage growth; this is not good news.
The ‘recovery’ in the labour market over the most recent quarter has been characterised by part-time work and slowing wage growth; this is not good news.
We should be cautious and wait a couple of months before we conclude the labour market is definitely on the mend, writes Richard Exell.
The claim that migrants are disproportionately accessing jobs in Britain compared to workers of UK nationality is based on a simple misreading of the statistics.
Today’s labour market statistics are simply bad news, though the monthly unemployment data are slightly more promising – but overall, levels remain high.