Jobs Market Stays On Its Feet Despite Economic Slowdown
The Guardian|November 15, 2023
Britain's labour market has so far emerged largely unscathed from the slowdown in the economy, official figures show.
Larry Elliott
Jobs Market Stays On Its Feet Despite Economic Slowdown

The latest health check from the Office for National Statistics found the jobless rate broadly unchanged, a small fall in employment and the strongest rise in pay adjusted for inflation in two years, as the pace of prices rises comes down.

The ONS said the UK's unemployment rate in the three months to September had remained steady at 4.2% while the employment rate over the same period had dropped by 0.1 points to 75.7%.

The estimate of payrolled employees in the UK for October increased by 33,000 on the revised September figure, to 30.2 million, the ONS said.

A fresh fall in the number of job vacancies provided some evidence of labour market weakness over the summer, with the number of posts on offer dropping by 58,000 in the three months to October.

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