Two years ago, a job market of a million new jobs was all the rage.
But the number of jobs in the UK has fallen by a quarter since then, and the unemployment rate is now well below where it was in 2016.
Today, the Government is looking to balance the books, with a jobless rate that is higher than the OECD average and one in five people still unemployed.
With no one really in the lead or a job for everyone, a new round of economic forecasts from economists at the Bank of England suggest that, by the time the economy recovers, the UK will have lost half of the jobs it created between 2008 and 2020.
The outlook for the next five years is less rosy.
This is what we know so far.
The unemployment rate and the UK’s economic recovery The official unemployment rate has fallen from 13.5% in April 2020 to 13.4% in March 2021, and has been gradually falling since then.
This has been driven by the introduction of the Universal Credit, which has brought millions of people off benefits and increased their hours of work.
It also helped to create the new jobs that are currently being created.
There are still more than 5 million people in the work force, but this has dropped by half since the beginning of the financial crisis.
The economy has grown by about 4.5%.
There are now around 6.3 million full-time jobs, and more than 1 million part-time ones.
There have been some ups and downs.
But overall the economy has been recovering.
The average weekly earnings of workers has increased by 2.3% since April, while the average wage has fallen a quarter.
But this has been offset by a decline in the value of the pound.
This means that in the short term the Government may be able to claim that it has been doing a good job, even though the overall economy has struggled to recover.
But in the longer term, the economy will need to show that it is doing better than its pre-recession growth rate.
The UK’s GDP growth rate, which takes into account inflation, is now 1.7%.
The Bank of Scotland, which provides a forecast of the economy for the UK in five years, projects that by 2021 GDP will have increased by 3.6% and unemployment will have fallen by 3%.
The economy will also need to grow faster than the global average.
The Bank’s estimates suggest that by 2020, the US will be the biggest economy in the world, and will be growing at about 5.5%, compared to 2.5 per cent in 2020.
If this prediction is realised, it will be an improvement on the UK.
But it still means that growth will be slower than the US and China, and that unemployment will continue to rise.
The most important factor is the level of productivity.
If productivity increases, it means that firms are able to produce more.
However, if productivity falls, the effect on the economy is negative.
The job market is not sustainable unless there is more work available.
As a result, people need to find jobs.
The Office for National Statistics (ONS) recently announced that, while UK job vacancies have increased, so too have those of foreign nationals.
This was due to a number of factors, including the UK not being able to hire more people from abroad.
This meant that, despite being in a strong position economically, the job vacancy rate was higher than other major economies.
It was this trend that caused the UK to fall into recession.
Inflation has fallen since 2020 The inflation rate has been falling since the start of the recession.
The latest figure for October is 2.7%, down from 2.8% in May 2020.
This would be considered to be good news, given that unemployment is currently around 6%.
However, this is partly down to a falling labour market, and partly because of a falling price level.
The price level fell by almost 1% between April and October, compared to a fall of 3.2% between January and October.
There is also an increase in the amount of money that people have to spend on things, which means that more money has to be spent to get the same number of people out of work as before.
This increase in spending, in turn, means that inflation is now falling.
It is not the inflation rate that has been the main driver of the falling unemployment rate, but the amount that people are spending on things.
The inflation figure is the average price of a basket of goods and services.
For example, if you buy a cup of coffee for £1, you can spend £1 on the coffee, but £1 for the coffee itself.
If you buy an electric car for £100, you also get £100 for it, but that money has been spent on petrol and other fuel.
So the real effect of inflation on the unemployment problem is that people want to work less.
In recent years, the rate of unemployment has fallen sharply. It