Today's figures from the Office for National Statistics (ONS) showing higher unemployment on both measures used by government, fewer job vacancies, and static underlying earnings growth confirm that the UK labour market cooled further at the start of 2006. There was however a welcome increase in the number of people in paid work, but this was due almost entirely to more temporary jobs and self-employment, which suggests that employers remain cautious about hiring, says the CIPD's Chief Economist John Philpott.
Sharp rise in temporary jobs and self-employment as labour market continues to cool
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