UK labour market stumbles

first_img Share Show Comments ▼ EMPLOYMENT dropped by 68,000 in the final three months of 2010, reflecting the labour market downturn that economists expect will continue through the year.There are now 29.12m employed people in the UK. The unemployment rate stuck at 7.9 per cent, yet the figures showed an extra 44,000 people unemployed, compared to the previous three months.“Overall, not a good report, but nor was it terrible,” commented Alan Clarke of BNP Paribas. “The data have stopped improving as the pace of GDP growth has slowed,” he said.Britain’s GDP was knocked back half a percentage point in the quarter due to severe effects from the snow, the Office for National Statistics (ONS) estimated last month.“If growth bounces back into line with the surveys, then this soft patch in the jobs numbers will probably prove temporary,” Clarke said. Yet if growth stutters, “we should get used to disappointing jobs numbers,” he added.The number of people claiming unemployment benefit increased in January, the claimant count rising by 2,400, having fallen by 3,400 in December. “Admittedly, the rise is pretty marginal, but it is nonetheless the first increase in four months,” said Vicky Redwood of Capital Economics. The results provoked calls for the coalition government to boost private sector employment.“On its part, the Government should ensure that the labour market remains flexible, and should avoid imposing onerous regulations on business,” said economist David Kern of the British Chambers of Commerce.Companies face £23bn in costs from new employment laws, he said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars whatsapp Wednesday 16 February 2011 8:42 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrapcenter_img whatsapp UK labour market stumbles KCS-content Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *