Economists in Britain hail ‘robust’ jobs market despite stalling economy

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Economists have hailed a &OpenCurlyDoubleQuote;remarkably robust” set of UK labour figures despite the economy stalling at the end of last year&period;<&sol;p>&NewLine;<p>New figures from the UK Office for National Statistics &lpar;ONS&rpar; have revealed that employment jumped to a record high in the three months to December&period;<&sol;p>&NewLine;<p>Last week&comma; the ONS revealed that the economy flatlined over the same three-month period amid poor figures for the country’s manufacturing sector&period;<&sol;p>&NewLine;<p>Pawel Adrjan&comma; UK economist at job site Indeed&comma; said&colon; &OpenCurlyDoubleQuote;Britain’s labour market has lost none of its momentum nor its ability to surprise&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Another month of breathless progress has seen it power to a new record level of employment and push average wages up once again&period;”<&sol;p>&NewLine;<p><&excl;--Ads1--><&sol;p>&NewLine;<p>Pantheon’s Samuel Tombs&comma; was less positive&comma; stating that employment growth was the main upside in an &OpenCurlyDoubleQuote;otherwise slightly disappointing report”&period;<&sol;p>&NewLine;<p>He said&colon; &OpenCurlyDoubleQuote;Despite the recovery in business confidence since the general election&comma; the single-month measure of job vacancies was 49&comma;000&comma; lower in January than a year earlier&comma; showing no improvement from its recent trend&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Average hours among full-time workers slipped to the lowest level since March 2018&comma; perhaps also pointing to some slack among those currently employed&period;<&sol;p>&NewLine;<p><&excl;--Ads2--><&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Nonetheless&comma; the clear recovery in all survey indicators of labour demand since the general election suggests that job postings will pick up soon&period;”<&sol;p>&NewLine;<blockquote class&equals;"twitter-tweet" data-width&equals;"550" data-dnt&equals;"true">&NewLine;<p lang&equals;"en" dir&equals;"ltr">The UK jobs market is in &&num;39&semi;fine form&&num;39&semi; with businesses continuing to create new roles &&num;8211&semi; IoD Chief Economist <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;tejparikh90&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;tejparikh90<&sol;a> <&sol;p>&NewLine;<p>However&comma; to boost productivity and wages&comma; firms are eager for Government to set out its plans to revamp the skills system <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;PeyW4uRhIS">https&colon;&sol;&sol;t&period;co&sol;PeyW4uRhIS<&sol;a> <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;LAft7eQyEu">https&colon;&sol;&sol;t&period;co&sol;LAft7eQyEu<&sol;a><&sol;p>&NewLine;<p>&mdash&semi; IoD Press Office &lpar;&commat;IoD&lowbar;Press&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;IoD&lowbar;Press&sol;status&sol;1229706694726496256&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">February 18&comma; 2020<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p><script async src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;<p>However&comma; business groups and analysts have called for next month’s Budget to drive spending and address the skills gap&period;<&sol;p>&NewLine;<p>Suren Thiru&comma; head of economics at the British Chamber of Commerce&comma; said the figures show &OpenCurlyDoubleQuote;the jobs market remains remarkably robust” but remained cautious in his outlook&period;<&sol;p>&NewLine;<p>He said&colon; &OpenCurlyDoubleQuote;The strong headline figures mask underlying problems&period;<&sol;p>&NewLine;<p><&excl;--Ads3--><&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Lingering economic uncertainty can mean companies hire staff to fill orders rather than investing for the long-term&comma; weakening productivity&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The forthcoming Budget must take steps to close the skills gap&comma; with more funding for vocational and technical education&comma; and improved flexibility for the Apprenticeship Levy to better meet business needs&period;”<&sol;p>&NewLine;<p><&excl;--Ads4--><&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed5a711b939">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; 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