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Three years since the Covid pandemic started, the labour market has stabilised, with employment above pre-pandemic levels for most places.
As well as providing a deep dive into the latest economic data on the UK’s cities and largest towns, this year our flagship publication focuses on the scale and geography of economic inactivity across the country.
What does the UK's growing inactivity crisis say about the state of the labour market and how should policy tackle this urban problem?
More than a year since the Covid furlough scheme ended, most urban areas appear to have bounced back to pre-pandemic employment levels – with just a couple of exceptions.
Alison McGovern, Shadow Minister for Employment set out the need for real full employment in every region.
At this event we discussed how two years of Covid-19 have changed the way we live, work and play in the UK’s largest towns and cities
As the labour market stabilises, claimant count rates in all cities still remain higher than they were pre-pandemic, impacting both the levelling up agenda and the current cost of living crisis.
The most recent data suggests that a post-furlough unemployment surge may have been avoided and several cities in the North and Midlands are leading the recovery. However, this is far from achieving levelling up.
Guilherme Rodrigues analyses the latest claimant count and job postings data and warns that some cities look particularly vulnerable as we approach the end of the furlough scheme.
The Government has announced it will not extend its temporary uplift of Universal Credit, but its hopes that a recovering economy will step into its place won’t apply across the country.