Despite payroll totals reaching new records, the number of people employed in the UK was still over half a million below pre-crisis levels in October-December. That’s driven by a big fall in self-employment , as this chart shows:\nTony Wilson, director of the Institute for Employment Studies, says many older workers have dropped out of the labour force: “Supply simply can’t keep up with the demand in the labour market at the moment.
UK pay growth falls behind inflation as cost of living squeeze bites – business live
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