WIREDGOV

“Any rise in unemployment is a great regret but the latest jobs figures are at least mildly encouraging. The rate of increase in joblessness clearly slowed around the turn of the year, with private sector job creation just about managing to outpace public sector job cuts. There has also been a pick-up in job vacancies since last autumn. While it’s far too early to conclude that this signals a turning point in the labour market – a similar period of stability this time last year was followed by a renewed downturn – it demonstrates the ability of the UK economy to create jobs once a more robust recovery gets underway.

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