THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Labour market delicately poised

Today's ONS unemployment figures show the labour market remains delicately poised, according to the British Retail Consortium (BRC).


Labour market delicately poised

Today's ONS unemployment figures show the labour market remains delicately poised, according to the British Retail Consortium (BRC).

Comparing the three months to September with the three months to August, the unemployment rate fell by 0.1 percentage points to 7.7 per cent. Deeper analysis shows that the number of private sector jobs increased by 308,000 between March and June this year, while public sector jobs fell by 22,000 in the same period.

British Retail Consortium Director General, Stephen Robertson, said: "These figures provide few pointers as to the strength and speed of the economic recovery. With this modest movement unlikely to have much affect on consumer demand or confidence, there's no immediate cause for worry.

"Most interesting is the relatively modest fall in the number of public sector jobs. So far public sector job losses are few enough to be more than compensated for by private sector growth. But that balance will change as the impact of public spending cuts works through to the jobs market. Future unemployment levels depend on the extent to which the, currently encouraging, rate of private sector growth continues to off-set the half a million public jobs due to be lost over the next four years.

"These figures also demonstrate that retail has a fundamental role in maintaining and creating vital new jobs. The BRC's Retail Employment Monitor showed retailers created the equivalent of an extra 12,750 full time jobs in the last year – a 2.1 per cent increase. That process deserves ongoing recognition and support."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy