In the News
UK Economy - Record numbers not working because of ill health
18th May 2023
Some of the latest data regarding the intersect between the labour market and health make for grim reading. Whilst the employment rate has risen to nearly 76%, there are still two and half million people not working because of ill health.
So, how would you draw this? And what are the implications of this for the main macroeconomic objectives?
It's also worth a look at the article just to get the latest unemployment figures prior to any exams that you have and details regarding job creation too.
Figures for the UK labour market for January to March 2023 show:
1/ employment was 75.9%
2/ unemployment was 3.9%
3/ economic inactivity was 21.0%
Some goods news in today’s @ONS jobs figs. A record 241k Brits returned to the workforce last quarter (net outflow from economic inactivity). But econ inactivity due to long-term sickness is at a record as well pic.twitter.com/Rufq87f3xE
— Jack Barnett (@__JackBarnett) May 16, 2023
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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