Richard Exell

I have a post up at Left Foot Forward, looking at today’s report from the Recruitment and Employment Confederation, which confirms the conclusion that the labour market might as well be in recession. In addition, the latest Index of Production data show a continued slump in manufacturing and other production industries. Commenting on their report, KPMG have hinted that we might be headed for 3 million unemployed, which would take us back to levels last seen under Mrs Thatcher.