Unemployment falls as the working week gets longer


This 524-word blog post shares the latest official unemployment figures along with a prediction from the Resolution Foundation that pay growth will remain subdued as the UK continues to face a productivity puzzle. Written on 14th May 2019.

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Article preview: The economic story of the past decade has included a fall in unemployment to reach a near-record low. But at what price? Despite the economic uncertainty associated with Brexit, the job market in the UK looks to be in reasonably good shape. Unemployment now stands at a 44-year low. However, the average number of hours we work each week has been on the rise. These statistics form part of the ‘productivity puzzle’ which leaves economists scratching their heads.