By Richard Carter

As the Summer washes away, the headaches continue for the government and the Bank of England.

Today’s latest labour market statistics show the jobs market lost further momentum in August as policies enacted by the Labour government over the past year bite at the same time as global economic conditions become murky.

While the UK enjoyed a strong start to the year from an economic perspective, this has quickly petered out, with today’s employment numbers coming swiftly off the back of last week’s GDP data which indicated the gears in the UK economy were grinding to a halt once more.

The number of payrolled employees fell by 142,000 between July 2024 and July 2025, and by 6,000 between June and July 2025. While the unemployment figure held steady at 4.7%, early estimates for August reveal the number of payrolled employees was 30.3 million, a fall of 0.4% compared to August 2024 and equivalent to 127,000 fewer employees.

On a monthly basis, the number of payrolled employees decreased by 8,000........

© LBC