We’ve just published this month’s TUC Labour Market Report. In this issue we look at the latest employment and unemployment figures. The worrying fall in full-time jobs is being disguised by a rise in part-time employment – but two-thirds of the part-time jobs are going to people who would have preferred to work full-time and…
Today we learned that GDP actually fell by a bit more in the first quarter than previously believed, -0.3% rather than -0.2%. But important as the severity of the double-dip is, the wider issue is the longer term stagnation of the UK economy. Today’s figures make clear that we have essentially no growth in the…
Lord Heseltine thunders at the FT today for an “extremely misleading” report that the Regional Growth Fund will create just 41,000 jobs, costing up to £200,000 to create a single post. Not so, says Lord Heseltine, who chairs the RGF advisory panel. The fund “will create 328,000 jobs … As I made clear to your…
The TUC’s latest Labour Market Report is available here. Whilst the headline fall in unemployment is welcome, the latest jobs figures show that employment growth is being drievn by part-time and precarious work and accompanied by falling real wages. The ‘recovery’ so far is very weak indeed.
We have just published the latest edition of our Labour Market Report. In this month’s Report we look at the highest unemployment rate since 1995; 2011 – the year when private sector jobs growth failed to keep up with public sector job losses; lower finance sector bonuses and low growth rate for public sector pay…
The TUC’s 2nd Economic Report reports on the most recent key economic data and has an extended discussion of investment. Investment rates are low and companies currently hold £724 billion in case – equivalent to around half of all GDP. The Report argues for policies to unlock this resource including a reversal of the cuts…
Labour Market Report number 23, looking at the February Labour Market Statistics is now available at the TUC website. In it we report on the UK’s comparatively poor unemployment performance since the recession, the massive 85 per cent increase in involuntary part-time employment and record bad figures for women and young people.
Download the 22nd TUC Labour Market Report The TUC’s Labour Market Report on the January Labour Market Statistics is now available online here. The unemployment rate has reached its highest level since 1995 and although employment also grew, there are some worrying signs in the composition of that employment. Self employment is soaring but the…
Download the 21st TUC Labour Market Report The latest Labour Market Report is available here. It covers the most recent data on the split between public and private sector jobs as the public sector continues to shed workers and private sector job creation grinds to a halt. It also features some international comparisons, pointing out…
The TUC’s latest economic report was released just ahead of the Autumn Statement. It predicted that the Chancellor would have to raise his borrowing forecasts by over £120bn – in the end he raised them by £158bn. This bit of over-optimism (or rather under-pessimism) aside it is still worth a read.