>During the early part of the pandemic, in 2020, there were four unemployed people for every vacancy in the UK. Now the ratio is one for one. “There aren’t many candidates out there”, Boys says.
>Economists say the explanation for the current strength of the labour market is simple: demand for workers has been going up at a time when their supply has been limited. On the demand side, the reopening of the economy as the pandemic loosens its grip has meant stronger competition for staff. On the supply side, a combination of factors means the labour force is smaller than it was expected to be pre-Covid.
>The biggest cause of the drop, however, is older workers – those aged 50 and over – leaving the workforce altogether. Support for this group – to encourage them to continue looking for work – has not been good enough, Evans says.
>The biggest cause of the drop, however, is older workers – those aged 50 and over – leaving the workforce altogether. Support for this group – to encourage them to continue looking for work – has not been good enough, Evans says.
inb4 they use it to import more nigs