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Brexit uncertainty impacts UK employment

12 November 2019
Brexit Flags
Michael McLaughlin, head of the employment practice at global legal business DWF, comments on the ONS UK labour market published today.

Michael McLaughlin said: "With the UK employment rate stable at 76% and unemployment rates down 0.2% year on year at 3.8%, the jobs market has thus far been resistant to the ongoing uncertainty caused by the unresolved Brexit situation and related political instability. On one analysis this is perhaps because we have been living so long with the shadow of Brexit that businesses and the public sector have become relatively comfortable in not making any material decisions about right sizing their workforces to take account of a possible economic downturn. This uncertainty has resulted in businesses simply holding their breaths and waiting to see what happens in the next few months. 

That said the economy has slowed and so has growth in wages underlining that the ongoing uncertainty is causing the economy to stagnate which is something that will eventually have a negative impact on employment figures"

For more information, please contact:
Holly Fairclough, Communications Coordinator
Tel: +44 7840 648995
Email: Holly.Fairclough@dwf.law

Alternatively, contact the DWF press office on press.office@dwf.law

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