• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Maximize Flexible Space Revenue
Home News Workforce

UK’s Unemployment Rate Sees Lowest Levels In Nearly 50 Years

According to Britain’s government, 3.6% of adults were unemployed and seeking new roles in the three months ending in July, a slight dip from the previous average of 3.8%.

Aayat AlibyAayat Ali
September 13, 2022
in Workforce
Reading Time: 2 mins read
A A
UK’s Unemployment Rate Sees Lowest Levels In Nearly 50 Years

More stories for you

3 Essential Tips To Stay Focused And Avoid Burnout In Your First Month At Work

3 Essential Tips To Stay Focused And Avoid Burnout In Your First Month At Work

4 hours ago
Entry-Level Job Market Tightens Further As New Grads Face Rising Rejections

Entry-Level Job Market Tightens Further As New Grads Face Rising Rejections

5 hours ago
Nearly 1 In 4 Americans Are “Functionally Unemployed,” New Report Finds

Nearly 1 In 4 Americans Are “Functionally Unemployed,” New Report Finds

14 hours ago
Australian Jobs Market Shows Strength Beneath The Surface

Australian Jobs Market Shows Strength Beneath The Surface

14 hours ago

A new report shows that Britain’s unemployment rate has fallen to its lowest levels since 1974. 

According to the country’s government, 3.6% of adults were unemployed and seeking new roles in the three months ending in July, a slight dip from the previous average of 3.8%. 

Advertisements
Workspaces Run Better On UltraSoftBIS

In addition to sliding jobless rates, the report showed that wages have outpaced pre-pandemic averages, a result of rising inflation.  

However, because of the simultaneous growth in long-term sickness, the country’s economy has little to no room to grow without surpassing the Bank of England’s inflation target of 2%.  

Advertisements
Nexudus - Tech Stack Lovers

“For a government that wants to cut taxes to boost growth, today’s figures spell trouble,” said Tony Wilson, director at the Institute for Employment Studies. “If we don’t do more to help more people into work, then any tax cuts will just lead to even higher inflation and higher interest rates for longer.”    

Recently appointed Prime Minister Liz Truss recently introduced a multi-billion pound rescue package that would help alleviate high energy bills for people and businesses. 

“The cost-of-doing-business crisis is intensifying,” said Jane Gratton, head of policy at the British Chambers of Commerce. “With firms doing their best to keep afloat during a period of spiraling costs, they are also facing an extremely tight labor market, which is further impacting their ability to grow.”  

Much like other countries, Britain is at a crossroads when it comes to its economic future. While demand for talent remains high, the cost of living continues to increase, leaving businesses at risk of falling victim to an impending recession that is expected to occur by the end of the year.

Source: Bloomberg
Tags: FUTURE OF WORK®Workforce
Share6Tweet4Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

3 Essential Tips To Stay Focused And Avoid Burnout In Your First Month At Work
Work-life

3 Essential Tips To Stay Focused And Avoid Burnout In Your First Month At Work

byKathy Oneto
4 hours ago

Burnout risks rise as Gen Z enters the workforce with high pressure, low support, and big expectations.

Read more
Entry-Level Job Market Tightens Further As New Grads Face Rising Rejections

Entry-Level Job Market Tightens Further As New Grads Face Rising Rejections

5 hours ago
Nearly 1 In 4 Americans Are “Functionally Unemployed,” New Report Finds

Nearly 1 In 4 Americans Are “Functionally Unemployed,” New Report Finds

14 hours ago
Australian Jobs Market Shows Strength Beneath The Surface

Australian Jobs Market Shows Strength Beneath The Surface

14 hours ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00