These figures show the disastrous decision to tax employment is already costing jobs. The 4.8% drop in full-time employment among 18-24 year olds is especially troubling, as it indicates employers are pulling back on bringing fresh talent into their organisations.
Employers appeared to immediately react to the changes, which are not due to come into force until April, slashing hiring and letting some staff go. Overall the amount of people in full-time employment shrunk by 1.2% month-on-month.
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