Tag Archives: labour market statistics

The ‘recovery’ in the wider economy is not being matched by rising real wages or rising living standards, instead the demand-constrained UK economy might be stumbling into a lower wage, lower productivity growth model with serious implications for living standards in the future.

Unemployment rose by 15,000 between January 2013 and March 2013 to 2.52 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.

Whilst important not to read too much into one set of figures, it may now be the case that the weakness of the wider economy is catching up with the labour market.

Unemployment rose by 70,000 between December 2012 and February 2013 to 2.56 million, and the unemployment rate has risen to 7.9%, today’s labour market statistics reveal.

Today’s figures (covering November to January) have people wondering if the labour market may be running out of road. The key figure in today’s release is for pay. Average weekly earnings for regular pay (3 month average) in January were just 1.2 per cent higher than they had been a year earlier – the fifth successive fall in the annual rate of increase.

Unemployment rose by 7,000 between November 2012 and January 2013 to 2.52 million, but the unemployment rate stays at 7.8%, today’s labour market statistics reveal.