Labour market powering ahead but leaving vulnerable groups behind
Authors: Charles Levy
Charles Levy, senior economist
16 October 2013
Commenting on today’s labour market statistics, Charles Levy, senior economist at The Work Foundation, said:
“Comparing the three months to August with the previous three months, our labour market performed well, creating 155,000 new jobs. Encouragingly, the majority of these jobs were full-time employee roles and unemployment eased downwards 18,000.
“However, key vulnerable groups are not feeling the benefits of this recovery. Youth unemployment remains stubbornly high. Real wages are falling by approximately 2%. And underemployment persists as an issue with the number of people who want to work full-time but can only get part-time jobs stands at a record 1.4 million."
Notes to editors
- Charles Levy and Ian Brinkley are available for interviews, briefings and written comment.
- 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.
- We have today released the first KFC-The Work Foundation Youth Insight survey into the employment aspirations of British youth, dispelling the myth that young people have abandoned their career ambitions and become disengaged. A copy for the report, Youth Insight, and an infographic is available to download.
Angelo Evangelou 020 7976 3597
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