TUC calls for urgent action to provide better career pathways and training opportunities
Paul Nowak, TUC General Secretary, said employment figures highlight the damaging effects of high interest rates on employment and living standards, urging immediate action from policymakers.
The TUC has issued a warning about the latest UK employment data, condemning rising unemployment, slowing real pay growth, and increasing redundancies as signs of a weakening job market.
Paul Nowak, TUC General Secretary, said the figures highlight the damaging effects of high interest rates on employment and living standards, urging immediate action from policymakers.
He said: “Our jobs market continues to weaken, with real pay growth slowing, redundancies rising, and unemployment up.
“High interest rates are holding back employment and living standards, and we hope that the Bank acts to make a further cut.”
The latest figures show both employment and unemployment rates rising by 0.1% over the last quarter, with youth unemployment climbing by 0.2% to 12.9%, marking an increase of 100,000 young jobseekers over the year.
Meanwhile, redundancies rose to 4.2 per 1,000 employees, up from 3.4 in the previous quarter.
Real pay growth slowed to 3.1%, putting further strain on living standards as the cost-of-living crisis continues to bite.
Economic inactivity due to long-term sickness remained stubbornly high at 2.8 million.










