UK’s weak economy is taking a toll on its labour market
by Larry Elliott Economics editor from Economics | The Guardian on (#6K989)
Most employers are holding on to staff, but more people are either not looking or not available for work
By historical standards Britain's current recession is a mild one, but even so weak activity is starting to take its toll on 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...