Most employers are holding on to staff, but more people are either not looking or not available for work
UK unemployment rises and wages growth falls in recessionBusiness live – latest updates
By historic standards Britain’s current recession is a mild one, but even so weak activity is starting to take its toll of the labour market.
Nothing dramatic is happening. Unemployment is up a bit but the jobless rate remains below 4%. The number of people employed fell slightly and job vacancies continued to decrease, although the total of 908,000 remains above pre-pandemic levels.
Continue reading…Most employers are holding on to staff, but more people are either not looking or not available for workUK unemployment rises and wages growth falls in recessionBusiness live – latest updatesBy historic standards Britain’s current recession is a mild one, but even so weak activity is starting to take its toll of the labour market.Nothing dramatic is happening. Unemployment is up a bit but the jobless rate remains below 4%. The number of people employed fell slightly and job vacancies continued to decrease, although the total of 908,000 remains above pre-pandemic levels. Continue reading…