September Labour Market Statistics: comment from the Institute for Employment Studies
Commenting on today’s figures, Naomi Clayton, Chief Executive at the Institute for Employment Studies said:
“The UK labour market remains flat. There has been little movement in the headline employment, unemployment and inactivity rates over the last quarter. Payrolled employment continues to fall, with the largest falls in the last quarter in retail and hospitality. Vacancies have also continued to fall and are at their lowest level since 2021.
“Beneath the headlines, youth unemployment remains at its highest rate in more than a decade. With the Alan Milburn review due to report on solutions, our research emphasises the importance of investing in trusted relationships, tailored support and effective pathways for young people to improve long-term employment outcomes.”