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Labour market ‘really close’ to being at full capacity


BIS Oxford Economics Head of Macroeconomic Forecasting Sean Langcake says the labour market is “really close” to being at full capacity.

In May, full-time employment jumped by 69,400 people, while part-time employment dropped by 8,700. 

“The capacity for … firms to either add new workers or get their existing workers to work more hours, is becoming really constrained,” Mr Langcake told Sky News Business Editor Ross Greenwood.

BIS Oxford Economics Head of Macroeconomic Forecasting Sean Langcake says the labour market is “really close” to being at full capacity.

In May, full-time employment jumped by 69,400 people, while part-time employment dropped by 8,700.

“The capacity for … firms to either add new workers or get their existing workers to work more hours, is becoming really constrained,” Mr Langcake told Sky News Business Editor Ross Greenwood.

BIS Oxford Economics Head of Macroeconomic Forecasting Sean Langcake says the labour market is “really close” to being at full capacity.

In May, full-time employment jumped by 69,400 people, while part-time employment dropped by 8,700.

“The capacity for … firms to either add new workers or get their existing workers to work more hours, is becoming really constrained,” Mr Langcake told Sky News Business Editor Ross Greenwood.

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