Todayís employment statistics - Comment

Commenting on todayís employment statistics, Ian Brinkley, economist at The Work Foundation, said:


ëDespite the jittery atmosphere about the economic outlook at the moment, the labour market still looks very solid at the moment. Employment growth across the private sector has been strong and unemployment has fallen.

The only real signs of the credit crunch are much weaker City bonuses this year and a slight fall in employment in business services ñ a key UK strength - at the end of last year.

These are of course backward looking numbers ñ they tell us what was happening between December and February, not what might be happening now.

We can expect worse news to come, but as far as the labour market is concerned there is nothing to suggest we are on the verge of a recession.í