This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Find out more here

GET INVOLVED

To discuss how you and your organisation can get more involved with The Work Foundation, please contact us.

Call 020 7976 3575 or email info@theworkfoundation.com

CONTACT

Large fall in unemployment masks signs of a weaker labour market

15 October 2014

Commenting on today's labour market statistics, Charles Levy, senior economist at Lancaster University’s Work Foundation, said:

“Today’s Labour Market Statistics show a record fall in unemployment of 154,000 when comparing the three months to August with the previous three months. However, job creation appears to be slowing. In the same period employment increased by only 46,000, far below the rate we have seen in the past year.

The fall in unemployment appears to be connected to a significant withdrawal from the labour market. Economic inactivity increased by 113,000 in the three months to August. That coupled with sluggish wage growth which remained at half the rate of inflation in August should start alarm bells ringing and be the focus of the Chancellor’s Autumn Statement.”


/Ends

Notes to editors

1. Charles Levy, senior economist; Ian Brinkley, chief economist; and Geraint Johnes, director, are all available for interviews, blogs, briefings, analysis, and written comment.
2. The Work Foundation transforms people’s experience of work and the labour market through high quality applied research that empowers individuals and influences public policies and organisational practices. The Work Foundation is part of Lancaster University – an alliance that enables both organisations to further enhance their impact.


Media enquiries:

Angelo Evangelou 020 7976 3597
aevangelou@theworkfoundation.com

For urgent out-of-hours enquiries: 0782 552 7036

Follow us on www.twitter.com/workfoundation or signup to our press releases at http://www.theworkfoundation.com/Aboutus/Newsletter

If you would like to unsubscribe then please reply to this email to let me know.