UK employment and unemployment have both fallen, while economic inactivity has risen, according to the latest labour market data from the Office for National Statistics (ONS), released today. The data show that employees in employment have seen the biggest fall in nearly two years, while the economically inactive group - those who are neither working nor looking for a job - rose, partially due to a jump in student numbers.
In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, said:
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