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Ian Brinkley

Economic reality catches up with labour market as unemployment rises and wage growth stalls

Authors: Ian Brinkley Ian Brinkley

17 April 2013

Commenting on today’s labour market statistics, Ian Brinkley, director of The Work Foundation, said:

“As we predicted, economic reality has caught up with the labour market. The jobs recovery of 2012 appears to have stalled.

“Comparing the three months to February with the previous three months shows that our economy has stopped creating new jobs, unemployment is increasing and wage growth has stalled. The increase in youth unemployment is of particular concern and disappointing given the Coalition has made tackling youth unemployment such a high priority. 

“These numbers should be a spur for the government to focus the upcoming Spending Review on supporting activities with the potential to create jobs and drive growth.”

 

Ends

 

Notes to editors

 

  1. Ian Brinkley and Charles Levy are available for interviews, briefings and written comment.
  2. The Work Foundation aims to be the leading independent, international authority on work and its future, influencing policy and practice for the benefit of society. The Work Foundation is part of Lancaster University – an alliance that enables both organisations to further enhance their impact.

 

 

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