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August 2016

The Labour Market: Under the Microscope

1024 680 Kind Consultancy

New survey results released by the Office of National Statistics last week, suggested that unemployment has been falling across 2016, with 31.75 million people in work between April and June, 172,000 more than for January to March and 606,000 more than for a year earlier. This brings the employment rate up to 74.5%, the highest since 1971. January to June also saw Average Weekly Earnings increase by 2.4% (including bonuses). But that’s not the whole picture – recent months have seen wide-ranging economic uncertainty following Britain voting to leave the European Union. Even though we’re unlikely to really understand the economic effect until the UK…

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