Tue, 23 Feb 2021 07:58:21 GMT
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Jonathan Athow, the UK’s deputy national statistician, says there are “tentative” signs that the UK’s labour market was stabilising at the end of last year, given the rise in company payrolls in the last two months:
Commenting on today’s labour market data, Deputy National Statistician for Economic Statistics Jonathan Athow said: (1/3) pic.twitter.com/vK3SSf6UUY
Jonathan Athow added: (2/3) pic.twitter.com/AvdIsDrvGZ
Jonathan Athow continued: (3/3) pic.twitter.com/ZHqQDnJWXG
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Britain’s unemployment rate has risen to its highest level since early 2016, as the Covid-19 pandemic continues to hit the labour market - particularly younger workers.
But, there are also signs that the jobs market is stabilising, with a small increase in the number of payrolled employees in December and January, and a pick-up in vacancies.
#Breaking The number of UK workers on payrolls increased by 83,000 last month but has fallen by 726,000 since February 2020 due to the impact of the pandemic, according to the Office for National Statistics (ONS) pic.twitter.com/QyEaVVZKMC
There were 28.3 million employees paid through payroll in January, up 83,000 on December.
However, this was still 726,000 fewer than in February 2020, before the pandemic started to affect the jobs market https://t.co/JnDniCrnUb pic.twitter.com/8UU8SQWB7D
New analysis by age band shows that the 18 to 24 years age group has seen the greatest decrease in payrolled employees since February 2020.