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Another interesting line in today’s jobs report is that the number of workers on company payrolls has risen.
Payrolls increased by 13,000 in September, to around 30.3m.
The UK is still amidst a jobs drought with vacancies at their lowest for over 12 years outside of the pandemic.
“In particular, there are now 715,000 young people aged 16–24 unemployed, down by 28,000 on the quarter. Nevertheless, the number of young people out of work remains 54,000 higher than 12 months ago.
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