Article 6S57Z Signs of cooling UK jobs market could be a headache for Reeves

Signs of cooling UK jobs market could be a headache for Reeves

by
Larry Elliott Economics editor
from on (#6S57Z)

Labour market is in pretty good shape, but all eyes will be on impact of tax rises on employers

For the past few years only cursory attention has been paid to the UK unemployment figures because the jobless rate has been low and there have been plenty of unfilled vacancies for those seeking work. But, thanks to a slowing economy and decisions made by Rachel Reeves in last month's budget, that could be about to change.

For the next few months, every release on the state of the labour market will be scrutinised to see what impact two announcements made by Reeves last month are having on jobs.

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