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Health, social care and hospitality see strongest jobs growth

ended 13. June 2023

This morning, the latest jobs data was published. Darren Morgan, director of economic statistics at the Office for National Statistics (ONS), said: “With another rise in employment, the number of people in work overall has gone past its pre-pandemic level for the first time, setting a new record high, as have total hours worked. The biggest driver in recent jobs growth, meanwhile, is health and social care, followed by hospitality." If you work in the hospitality, health or social care sectors, are you seeing this surge in jobs growth? How are things feeling for you on the ground? Any other thoughts, send them across ASAP as this story is BREAKING.

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Samuel Mather-Holgate
Independent Financial Adviser at Mather and Murray Financial
Net immigration figures out a couple of weeks ago showed a 600,000+ increase to the population, so it’s not a shock to see the number of people in work at record levels, as so is our population. Most of these migrants have come to work in the NHS and social care and this is reflected in the figures. More worrying for the government will be the number of people out of the jobs market due to long-term illness. We expect this to be caused by Covid related complications, but as the NHS is on its knees since the pandemic it could be a myriad of reasons. Once again it’s showing the government is turning our economy into a slow growth, low wage economy. Not exactly the Singapore of Europe that was promised post-Brexit.