Bailey puzzles over UK labour market signals

Andrew Bailey
Andrew Bailey
Photo: Bank of England

The UK’s labour market has still not recovered to pre-Covid employment levels, and it is not clear exactly how it will develop in the coming months, said Andrew Bailey on September 27.

The Bank of England governor said there had been no “major upturn in unemployment” despite the shock from Covid-19. But the UK’s furlough scheme ends this week, and 1.7 million jobs were covered by the scheme in July. More people are inactive or unemployed than before Covid. There are also record job vacancies –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: