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UK Employment Figures: A frabjous day for all?

There is bad news buried in today's apparently glowing ONS announcement

By Jay Elwes  

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Employment news today and on the surface the message is positive. There are now 30.6m people in work, which is 167,000 more than in the period January to March 2014. The number of people employed is 820,000 more than a year earlier, according to the Office for National Statistics (ONS). The employment rate is up, unemployment is down to a fraction over 2m and is still falling, to its lowest level since 2008, and the economic inactivity rate is also declining.

So, a frabjous day for all concerned? Well no. The upward…

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