Fresh ONS figures show the unemployment rate is still at a four-year high of 4.7%. Payrolled employees fell by 26,000 in June, while estimates for July show the number of employees on the payroll is down another 8,000. The total number of employees fell by 0.5% from July 2024. The equivalent to 164,000 fewer employees since Labour took office…
Vacancies between May and July slumped to 718,000 – down 44,000 on the quarter and lower than it was before the pandemic. ONS’ Director of Economic Statistics Liz McKeown said:
“Taken together, these latest figures point to a continued cooling of the labour market. The number of employees on payroll has now fallen in ten of the last twelve months, with these falls concentrated in hospitality and retail. Job vacancies, likewise, have continued to fall, also driven by fewer opportunities in these industries.”
The steepest fall in payrolled employment since the election is among 25-34-year-olds, who rely on work in hospitality and retail. Labour becoming the party for non-working people…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”