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Chamber Comment on Employment Statistics

 

Jonathan Walker, assistant director of policy, North East England Chamber of Commerce said: “With the labour market largely static over the summer, it is no great surprise to see the headline employment figures largely flat when compared to last month.

“Yet we know this masks tremendous uncertainty in our labour market. The reopening of the economy has seen firms largely bringing staff back from furlough rather than new recruitment. We also know that the winding down of the job retention scheme is likely to lead to significant redundancies in the months ahead. The continued rise in the claimant count is an early indicator of this.

“The need for immediate support for those sectors and individuals most at risk is clear. With the threat of local lockdowns looming large, employers in the areas of hospitality, culture and retail will be particularly exposed.”