Unemployment has risen to 5.0%, the highest since the pandemic, with 1.79 million people now looking for work.
But what’s most concerning isn’t inflow — it’s outflow. People are finding it harder to get back into work. 🧵
Unemployment has risen to 5.0%, the highest since the pandemic, with 1.79 million people now looking for work.
But what’s most concerning isn’t inflow — it’s outflow. People are finding it harder to get back into work. 🧵
Expected impact 📊 Decrease severely insecure work by an estimated 1.2m workers.
Expected impact 📊 Decrease severely insecure work by an estimated 1.2m workers.
Over half (54%) said they'd raise prices. With wage growth slowing and prices already high, that could add additional pressure to households.
Over half (54%) said they'd raise prices. With wage growth slowing and prices already high, that could add additional pressure to households.
Figure: real average wages 2008-2024
Figure: real average wages 2008-2024