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Labour market data set to worsen in coming months

From ihsmarkit.com

The latest official data signalled a deteriorating labour market up to July, with redundancies rising at the sharpest rate since 2009 as job losses linked to the COVID-19 pandemic mounted. Unemployment rose and workforce jobs fell sharply. However, more timely survey data suggest that even these downbeat official data capture only part of the labour market deterioration that has taken place so far. Employment numbers set to worsen Data from the Office for National Statistics' Labour Force Survey showed the number of workforce employee jobs fell by 227,000 over the three months to June, the highest since the 233,000 ... (full story)

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  • Category: Fundamental Analysis