Stuart Gentle Publisher at Onrec

Job market slips as uncertainty grows

Comment from Lee Biggins, founder and CEO of CV-Library, in response to the ONS Labour Market Statistics

“As we approach the 31st with no real idea or plan regarding our departure from the European Union, uncertainty is starting to take its toll on the job market. Indeed, the statistics released this morning by the ONS reveal that employment has weakened on the quarter, with 56,000 less people in work. What's more, the economic inactivity rate has also risen since the previous quarter, suggesting more job seekers are opting to stay put until Brexit is sorted.  

“It's likely that this trend will continue, especially after hopes for greater clarity regarding Brexit were dashed yesterday following the Queen's speech. The prospect of an uncertain future is forcing undue pressure on the UK's economy, and it certainly won't relinquish until the government's intentions are made clear."