Wednesday, August 04, 2021

5,000 employed under Labour

The quarterly labour market statistics have been released, and outperformed expectations again, with unemployment dropping to 4.0%. There are now 117,000 unemployed - 5,000 fewer than when Labour took office. Which, given the pandemic, is a pretty spectacular performance. Throw in a drop in underutilisation and increased wages, and it looks like whatever else Labour is doing, it has this area of policy right.