Today’s Job Figures
I have a post over at Left Foot Forward looking at this month’s labour market statistics. There’s some very good news – another substantial increase in employment and a fall in unemployment plus the number of redundancies is well down on this time last year.
On the other hand there’s some other figures that suggest that we’re a long way from a self-sustaining recovery. For one thing, there is an increase in short-term unemployment – this could just be a blip, or it could be a sign that things are about to get worse again. There’s also been increases in youth unemployment and in involuntary part-time and temporary work.
These figures relate to the early Summer, and they suggest that there were some genuine green shoots at that time. Unfortunately, this was before the cuts began and I doubt if they survived.