Wednesday, July 16, 2008
Labour market turning, but gradually
Posted by David Smith at 09:40 AM
Category: Thoughts and responses

A 15,500 rise in the claimant count to just over 840,000 last month will grab all the headlines, but the Labour Force Survey measure showed unemployment rising by a modest 12,000 in the March-May period, smaller than the originally estimated 38,000 increase for February-April. Employment was up by 61,000 over the March-May period. The job market is clearly softening, but gradually. Details here.