Tue. Sep 29th, 2020

Young people and part-time workers hit by fall in UK employment – business live

Number of people in work across Britain has fallen by the most since 2015

11.59am GMT

UK jobs reaction summary: generally negative
‘No sharp downturn’
‘showing more signs of strain’
‘labour demand is holding up better than the headline job numbers suggest.’
‘paint a worrying picture’
‘starting to sag’

11.23am GMT

Simon French, chief executive of Panmure Gordon, has a balanced take on today’s jobs report:

Something for everyone in latest UK labour market stats. Unemployment rate falls back to 3.8% & vacancies remain high by historical standards – but signs of softness in demand as total employment QoQ falls back – consistent with a weakening picture from recent recruiter surveys. pic.twitter.com/jp4cyuRpAi

Final thought on today’s UK jobs numbers. There have been at least 4 soft patches (QoQ declines) in the last 7 yrs as UK emp rate has moved higher. On each occasion momentum was regained. So today’s decline has precedents – but is unnerving against backdrop of weak output growth. pic.twitter.com/gaUq1FBMgg

Continue reading…Number of people in work across Britain has fallen by the most since 2015Latest: Young people and part-time workers hitUK employment down by 58,000 in last quarterBiggest drop in employment since 2015The key chartsWage growth slows to 3.6% 11.59am GMTUK jobs reaction summary: generally negative’No sharp downturn’ ‘showing more signs of strain”labour demand is holding up better than the headline job numbers suggest.”paint a worrying picture”starting to sag’ 11.23am GMTSimon French, chief executive of Panmure Gordon, has a balanced take on today’s jobs report:Something for everyone in latest UK labour market stats. Unemployment rate falls back to 3.8% & vacancies remain high by historical standards – but signs of softness in demand as total employment QoQ falls back – consistent with a weakening picture from recent recruiter surveys. pic.twitter.com/jp4cyuRpAiFinal thought on today’s UK jobs numbers. There have been at least 4 soft patches (QoQ declines) in the last 7 yrs as UK emp rate has moved higher. On each occasion momentum was regained. So today’s decline has precedents – but is unnerving against backdrop of weak output growth. pic.twitter.com/gaUq1FBMgg Continue reading…