Employment holds despite worsening outlook

Employee numbers up up 74,000

Employment numbers have remained stable over the last three months, even as the economic outlook for Britain has deteriorated.

However, forecasts are gloomy as the country heads into recession. The UK employment rate for July to September was 75.5%, according to official data, largely unchanged on the previous quarter, and 1.1 percentage points lower than before the pandemic (December 2019 to February 2020). Deutsche Bank: UK CPI will not return to target until early 2025 Over the last three months, the number of employees decreased, while self-employed workers increased, the Office for National Statistics said. Payrolled employees for October 2022 shows another monthly increase, up 74,000 on the revise...