The Prime Minister and Chancellor have staked their future on an economic recovery 📉 But new data lays bare just how hard that will be – with nearly every metric going in the wrong direction 🔴 Analysis HugoGye
, and more or less keeping it there, despite the shock of Covid-19.
With the jobless rate ticking up slightly, to 3.9 per cent, ministers can no longer boast about hitting the record. What is worse, the trend could be “the harbinger of a downturn” in the months to come, according to the free-market Institute of Economic Affairs.The number of people classed as “economically inactive” – that is, they are of working age but do not have a job and are not seeking one – did fall a little, giving some breathing space.
There are more than a million vacancies across the economy, slightly down on last month but still a vivid illustration of how companies are struggling to find the workers they need to expand.The static UK workforce and large number of vacancies will inevitably raise the question of
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