Rolling coverage of the latest economic and financial news, as regular pay growth hits a two-year low
There were 9.26 million people classed as economically inactive (not working, or looking for a job) in June-August, today’s labour force report shows.
That’s a drop of 120,000 over the quarter, but still near to record levels.
“To get Britain growing again we need to get Britain working again. Millions of people are locked out of work due to long term sickness. This is not good for them, for our economy or for the taxpayer.
“That’s why we will bring forward the biggest reforms to employment support in a generation – overhauling jobcentres, delivering a Youth guarantee so every young person is learning or earning, and new work, health and skills plans to tackle inactivity – unlocking opportunity and potential in every area of the country.”
Continue reading…Rolling coverage of the latest economic and financial news, as regular pay growth hits a two-year lowThere were 9.26 million people classed as economically inactive (not working, or looking for a job) in June-August, today’s labour force report shows.That’s a drop of 120,000 over the quarter, but still near to record levels.“To get Britain growing again we need to get Britain working again. Millions of people are locked out of work due to long term sickness. This is not good for them, for our economy or for the taxpayer.“That’s why we will bring forward the biggest reforms to employment support in a generation – overhauling jobcentres, delivering a Youth guarantee so every young person is learning or earning, and new work, health and skills plans to tackle inactivity – unlocking opportunity and potential in every area of the country.” Continue reading…