25 March 2021
ONS data on the UK labour market offers a combination of positive and negative signals, suggesting that the worst effects of the Coronavirus emergency on workers may be easing, but that full recovery has not yet arrived
Perhaps most worrying is the finding that around 10% of jobs in foodservice and recreation have been lost since the start of the Coronavirus emerging, in spite of government measures to support employment.
ONS data is supported by findings from the CIPD’s Labour Market Outlook report. This reports strengthening recruitment intentions and weakening redundancy expectation on the part of employers.
This good news is offset by relatively low expectations of future pay rises – low rises in the private sector and no rise at all in the public sector.