Unemployment hits 42-year low but business output ‘stagnant’
A booming labour market has seen unemployment hit a new 42-year low but these record levels are struggling to boost UK output, a new report reveals.
According to the latest Business Trends Report by accountants and business advisers BDO, while firms are continuing to hire more staff, business output is stagnant, again highlighting the UK’s long-standing productivity problem.
BDO’s Employment Index – which indicates firms’ employment intentions – has risen 0.1 from its July level to 104.6, indicating that expected growt... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...