Redundancy activity remains subdued as employment levels defy economic gravity for now
Official labour market figures published earlier today by the Office for National Statistics (ONS) are better than expected, including a modest fall in employment and a modest rise in unemployment. However, the figures are at odds with other economic indicators, especially the record fall in the demand for workers, which will undoubtedly spell much tougher times ahead for the UK labour market according to the CIPD.