Unemployment Falls Marginally

July 2024 Labour Market Update Cover

 

"The labour market shows a gradual slowdown, with vacancies still above pre-pandemic levels, while pay rates remain high due to last year's inflation. The new Government's plans for Apprenticeship Levy reform and Skills England are promising but need to prioritise local needs over top-down solutions.

"To effectively support all workers, especially those looking for flexible work arrangements and new opportunities, it’s essential to make sure that employment protection reforms do not create barriers for jobseekers and promote partnerships with businesses."

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