In the News
Low unemployment and longer hours
18th November 2019
Larry Elliott's latest article is a real tour de force, looking at the ongoing conundrum of the UK labour market.
Why is it that when unemployment so low, there's been no post-financial crisis recovery of wages?
To answer this he cites the latest Resolution Foundation research which has a number of explanations of this, with the most obvious being that more people are working, with people working longer hours and more women participating in the labour force, largely as a result of households trying to protect their real incomes. It is a typically excellent read.
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