unemployment
Has stagnation caught up with the labour market?
Today’s figures (covering November to January) have people wondering if the labour market may be running out of road. The key figure in today’s release is for pay. Average weekly earnings for regular pay (3 month average) in January were just 1.2 per cent higher than they had been a year earlier – the fifth successive fall in the annual rate of increase.
Unemployment up 7,000 to 2.52 million
Unemployment rose by 7,000 between November 2012 and January 2013 to 2.52 million, but the unemployment rate stays at 7.8%, today’s labour market statistics reveal.
The need for supply side socialism
There's an important fact that's lost in the debate about economic policy. It's that counter-cyclical policy is nothing like sufficient. Perhaps we need something radical.
Four chasing every UK job
Four people are chasing every job in England, Scotland and Wales, and in some areas more than 10 jobseekers are chasing each vacancy, according to a new survey.
Wages and productivity falling despite positive unemployment figures
While the latest drop in the unemployment figures should be welcomed, real wages have now been falling in every month for the past three years.
Unemployment down 14,000 to 2.50 million
Unemployment fell by 14,000 between October and December to 2.50 million, and the unemployment rate is down to 7.8%, today’s labour market statistics reveal.