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Authors: Ian Brinkley
14 August 2013
For immediate release: 14 August 2013
Commenting on today’s labour market statistics, Ian Brinkley, director at The Work Foundation, said:
“The employment figures released today are encouraging, and taking into account improvements in the economy both here and abroad, suggest a labour market recovery is underway.
But so far, the growth of jobs has made no impact on the overall unemployment rate which stands at 7.8%, and unemployment of young people between the ages of 18 and 24 has actually gone up to 19.2%.
“These figures show the Bank of England’s pledge to keep interest rates on hold until unemployment is down to 7% is unlikely to be reviewed any time soon.”
Notes to editors
1. Ian Brinkley, Lizzie Crowley 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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