16 May, 2012

Unemployment Figures

ONS unemployment figures out tomorrow will be watched with a keen eye as last month unemployment fell for the first time in almost a year. The figures fell slightly last month to 2.65 million. However the Centre for Economics and Business Research (CEBR) said that the outlook for the future looks difficult as unemployment will continue to increase over the next five years.
Carmen Watson, the MD of Pertemps Network Group, said, “With unemployment decreasing last month and the number of people getting into part time work rising from 89,000 to 1.4 million, the outlook should technically look good for the future. However there is still more work to be done, particularly for vulnerable groups such as young people.

“As well as being aided by increasing the number of opportunities available to them, young people also need support and good advice on the current jobs market and how they will need to tailor their job hunting strategies accordingly. Nurturing their talent and providing them with the correct information translating into young people being better equipped to enter the workforce.”

Carmen concluded, “Wednesday’s figures will be a good indication of what the future holds. It is encouraging that unemployment fell last month but we mustn’t become complacent as businesses still have their fair share of challenges ahead. It is encouraging to see the government responding to these challenges by enabling job seekers to find employment through private sector initiatives but we must be prepared to see an altered jobs landscape compared to that which we have seen in previous years.”

Credit: onrec.com

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