Unemployment has risen further in the latest quarterly statistics published today, while payrolled employment has shown a further fall and there has been a marked increase in redundancies. Headline employment levels as measured by the Labour Force Survey (LFS) have risen but the rate has likewise fallen on the quarter. And although vacancy levels rose, this was not enough to offset the increase in unemployment and redundancies. Taken together, these indicators all point to further weakening of the labour market.
