UK 2017 General Election - Labour's John McDonnell Campaigning in Lincoln

The transcript discusses the current economic situation, highlighting a decrease in unemployment to its lowest since 1975, indicating a strong labor market. However, inflation is rising faster than wage growth, causing financial strain on households. The government claims its economic policies are effective, but inflation remains a significant concern. Employment trends are shifting, with less focus on unemployment figures and more on household income and economic security.

What concerns are raised about household budgets?

What is the significance of the claimant count in the current economic context?