Unemployment Figures and Labour Market

jobless rate: During this period, the unemployment figures have been one bright spot, according to The Guardian. The number of people in work has steadily increased and the jobless rate has slipped to 5.1%. It was, though, only a matter of time before the labour market caught up with the rest of the economy. Manufacturing is in recession, the housing market has been kept going by buy to let, the forward-looking surveys of business activity have been weakening. That moment seems to have arrived. Unemployment rose on both measures used by the government – the internationally used labour force survey and the more narrowly focused claimant count. Related:UK unemployment rises and pay growth falls Without question, the latest figures from the Office for National Statistics were poor. (news.financializer.com). As reported in the news.