Labour market figures show UK is moving back into recession
12 October 2011
Commenting on today’s labour market statistics, Ian Brinkley, centre director at The Work Foundation, said:
“The labour market figures released this morning are very troubling. The fall in employment of 180,000 in a single quarter is comparable to the quarterly losses seen during the depths of the last recession.
“Unemployment among young people between the ages of 18 and 24 is increasing twice as fast as for the workforce as a whole and there has been a dramatic increase in long-term (>12 months) youth unemployment.
“The main mitigating factor in today’s figures is that total hours worked has remained stable, with most of the job losses being part-time. People still in work seem to be increasing their hours at the same time as the workforce contracts.”
Notes to editors
- Long-term unemployment (>12 months) for 18-24 year olds rose from 179k to 227k in the period March-May to June-August.
- Ian Brinkley is available for interviews, briefings and written comment.
- The Work Foundation is the leading independent authority on work and its future. It aims to improve the quality of working life and the effectiveness of organisations by equipping leaders, policymakers and opinion-formers with evidence, advice, new thinking and networks. In October 2010, Lancaster University acquired The Work Foundation, forming a new alliance that will enable both organisations to further enhance their impact. www.theworkfoundation.com
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