NI jobs shake-out feared as number of workers on payrolls falls for first time in 4 years

Unemployment remains low but some indicators point towards the early signs of a jobs shake out (Alamy/PA) -

The number of payrolled employees in the UK fell by almost 80,000 in March in an early indicator of a jobs fall out from Labour’s hikes in employer National Insurance bills.

The 78,000 fall in the PAYE measure of employment last month to 30.33 million was the first drop since April 2021.