The labour market lost 53,000 jobs last month, in the sharpest fall in employment since December 2023. But a decline in the participation rate meant that - despite those job losses - the official unemployment rate remained at 4.1%. Callam Pickering, Senior Economist at jobs platform Indeed, dissects the data with Sean Aylmer. He also looks at the broader employment trends identified by Indeed, and explains why the dip in jobs may not be as bad as it seems at first glance.
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