Mixed picture from the labour market
Despite recent optimism, there’s a risk that the jobs market could soften in the months ahead. Our report for December paints a mixed picture with employment remaining largely the same but slowing in pace.
On the plus side, unemployment dropped in the three months to October enabling it to maintain its 11-year low. Wages also went up slightly. However, the number of people claiming unemployment benefits is now at its highest level since February 2015.