Job Creation and Destruction in the UK
11 March 2019
Firm-level data hints at “canary in the mine” for UK’s employment ‘miracle’
• Enterprise Research Centre study finds established firms are already shedding jobs, despite employment being buoyed by start-ups
• ‘Churn’ in private sector saw 4.9m jobs created and destroyed last year
• Strong employment figures may be “lulling policymakers into a false sense of security” on economy
Firm-level data on jobs ‘churn’ among the UK’s businesses show early warning signs of an economic slowdown despite the country’s record employment, a new study suggests.
