Wednesday, May 05, 2021

12,000 unemployed under Labour

The quarterly labour market statistics have been released, and once again outperformed expectations, with unemployment dropping to 4.7%. So there are now 135,000 unemployed, 12,000 more than when Labour took office. Its not all good news though: the underutilisation rate is up, suggesting that more jobs are part-time. Still, compared to what was expected to occur due to the pandemic, its amazing.