Today’s labour market data published by the Office for National Statistics reveals a mixed picture.
Although, positively, the number of people in work increased once again, the size of this increase was modest compared to recent months.
At the same time, unemployment nudged up a little while for those in work, growth in the size of their pay packets remained lacklustre compared to before the economic crisis began.
With more uncertainty in the economy, it’s not surprising that labour market performance is showing some signs of levelling off. Employers are also having to take on increased employment costs associated with a range of new policies on wages and skills, which may have delayed growth plans.
Today’s labour market statistics reflect the good health of the economy. Employment has increased again thanks to private sector businesses offering more and more permanent, full-time job opportunities.
Unemployment has continued to fall as those who have been out of work for the longest periods of time move back into employment. Positively, the number of young people not in education or employment has also fallen.
Abigail Farnham, Account Director – Thames Water Contract, Pertemps Recruitment Partnership has been shortlisted as a Finalist in the Business in the Community Workplace Gender Equality Awards 2016, generously sponsored by Nationwide. Now in their 21st year, the Business in the Community Workplace Gender Equality Awards recognise and celebrate best practice, innovation and individual achievement in public and private sector organisations that are leading the way in creating workplaces that work for women.
Labour market statistics released today reveal that there are more people in work than ever before. And, at the same time, the data show that the number of people out of work and looking for work has fallen once again. Positively, the fall in unemployment was mainly amongst jobseekers who had been trying to find work for longer periods of time.
Data released today shows that while more and more people are moving into work, the pace of pay growth has continued to ease off. Positively, the number of people out of work and looking for work declined once again in this month’s data while the unemployment rate fell back to its pre-recession level. The good news continues as the fall in unemployment was accompanied by an increase in employment. This was mainly thanks to job creation amongst businesses although self-employment did also rise.