New figures from the Office for National Statistics show that youth unemployment has risen again. Rachel…
Labour market statistics this morning show a decline in the unemployment rate to 4.9% in the three months to February. This was offset by a larger increase in the number of economically inactive people – 69,000. IEA fellow Professor Len Shackleton wryly observes: “The economy would in a sense be better off with more unemployed people – defined as those looking for work – and fewer inactive.” Sclerosis…
The unemployment rate for 18-24-year-olds has risen from 13.7% to 14.3%. 63,000 more people began taking Universal Credit in a single month…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”