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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

Signs of cooling UK jobs market could be a headache for Reeves

Commuters arrive at Euston station in London
The UK’s unemployment rate is still low by historical standards. Photograph: Andy Rain/EPA

For the past few years only cursory attention has been paid to the UK unemployment figures because the jobless rate has been low and there have been plenty of unfilled vacancies for those seeking work. But, thanks to a slowing economy and decisions made by Rachel Reeves in last month’s budget, that could be about to change.

For the next few months, every release on the state of the labour market will be scrutinised to see what impact two announcements made by Reeves last month are having on jobs.

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