working conditions
The Bureau of National Statistics’ employment report published on Tuesday revealed other signs of improving working conditions, including:
– The unemployment rate increased to 4.2% during the three months ending in last June, which is the highest rate since July 2021, exceeding 3.5% in August 2022.
– More people returned to the labor market, which reduced the job inactivity rate by 0.1 percentage point during the last quarter, to 20.9%.
– Job vacancies decreased by 66,000 to just over 1 million jobs, which is the 13th consecutive decline.
– The employment rate – the number of employees – fell by 66 thousand during the quarterly period until last June, in the largest decline since last August.
Raising public sector wages may be the new inflation victim in Britain
However, there is still a job shortage by historical standards, forcing companies to raise wages to attract and retain employees. The UK has also experienced the largest number of strikes since the 1980s as workers stop working to demand higher salaries.
2023-08-15 19:34:17
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