Commenting on today’s employment figures from the Office for National Statistics, CEO of the Recruitment and Employment Confederation Kevin Green says:
“The important indicators seem to be moving in the right direction. More jobs have been created and more people are in work. The UK labour market has performed incredibly well over the last few years, meaning we are not experiencing the devastating levels of mass unemployment seen elsewhere in Europe. Our data from recruiters indicates employment levels will increase for the rest of 2013. However we should not be complacent as we still have worryingly high numbers of long term unemployed and young people out of work.
“The concern for people who have been out of work for over a year is that even when new jobs become available they often won’t have the skills, experience or confidence to take advantage of those opportunities.
“Mark Carney and the Bank of England’s move to tie monetary policy to unemployment levels recognises the importance of the labour market as an indicator of economic success. It is right that decisions around fiscal policy are not taken in isolation from people’s real life experiences of work.”