According to Warwick Business School there were around 24,000 job losses in the four weeks to mid-December, 47,000 in January, 24,000 in March and just 7,000 in the four weeks to April 12th.
If the Warwick figures provide an accurate predictor then the labour market could recover sooner than economists forecast.
"Although the data are not an indicator of unemployment per se, I think the steep fall in the ‘announced job losses' gives a pretty good indication that the labour market is recovering somewhat," said Thomas Prosser, researcher at Warwick university.
Official statistics recently revealed that the number of unemployed people in the UK has risen to 2.1m - the highest figure since 1997.
www.ukba.co.uk
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