Strong employment figures mask labour market weakness
I have a post up on Left Foot Forward discussing the latest labour market data – while employment continues to increase, and unemployment is still falling, the rates of change have started to slow. So far vacancies have failed to pick up. There are still five jobseekers for each job nationally, and that’s before the 2,339,000 economically inactive people who would like to work have been included. The Government needs to focus on providing unemployed people with real support to move into work– and on a growth strategy that will create jobs – but so far it is failing on both counts.