The Caithness Business Index has posted the following article:

Rising Sickness Holds Back Return To Pre-pandemic Employment Levels, But Real Wages Enjoy A Mini-revival

[IMG][/IMG] A record number of people who are economically inactive due to ill-health mean that Britain remains the only G7 economy yet to return to pre-pandemic employment levels, but fast falling inflation means that real wages are growing at their fastest rate outside the pandemic in nearly five years, the Resolution Foundation said on Tuesday 13 February 2024. The latest ONS labour market statistics - including the return of the labour force survey after a four month absence - showed a cooling labour market, an-inflation driven boost to real pay packets, and rising long-term sickness continuing to hold back growth. [Read Full Article]