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Wage growth slows more than expected while vacancies decline; over half a million more people out of work than pre-pandemic amid rise in long-term sickTony Wilson, director at the Institute for Employment Studies, said:Today’s jobs figures show that the labour market remains pretty subdued. The employment rate is broadly flat but still about one percentage point below where it was before the pandemic, even though unemployment has fallen back to where it was.So as has been the story in previous months, there are fewer people in work because there are more people outside the labour force altogether – not looking or not available for work. In all, there are well over half a million more people out of work than before the pandemic began. This is being driven by more young people and older people outside the labour force, and in particular because of more people reporting long-term health conditions that stop them from working. Continue reading...