Analysis: Higher prices, taxes and energy costs will bring gloom despite low level of unemployment
Rishi Sunak said the labour market had bounced back more rapidly than many people expected – and the chancellor is right about that.scheme last autumn the unemployment rate in the three months to January would stand at 3.9%, within a whisker of its pre-Covid low. Or that more timely data from HMRC would show 275,000 people added to payrolls in February.
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