It is encouraging that, even allowing for the modest drop back in September, the payroll survey suggests employment growth picked up in the third quarter. Unfortunately, over the past year, payroll job gains have been less impressive and, more worryingly, concentrated in sectors that pay below average wages and offer employees fewer hours of work each week. Simply put, even if the quantity of new jobs is improving, the quality of those jobs remains a big problem.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services