Friday, 16 December 2011

REC response to latest unemployment figures

Via  rec.uk.com

UK unemployment rose by 128,000 to 2.64 million in the three months to October according to the new figures issued by the Office for National Statistics.  The figures also show that the number of people in employment fell by 63,000 to 29.11 million.

Commenting on the latest figures, REC Chief Executive Kevin Green says:
"Today's data confirms that the first part of 2012 will continue to be a difficult time for the jobs market. This is borne out by the number of people working in the public sector falling by 67,000 over the quarter while at the same time, those employed in the private sector only increased by 5,000.

“According to feedback from recruitment professionals, demand remains strong in high-skilled sectors such as technology and engineering. This is because of the disconnect between the jobs currently on offer and the skills of job-seekers.

On youth unemployment, which has risen again by 54,000 to 1.03 million, over 22 per cent of that age group, Green says:

"Fiscal incentives to take on young people don't take effect until April. The Government needs to bring these forward to stop a terrible situation becoming a crisis.

"With the jobs market set to remain extremely competitive, it is crucial to up the ante in terms of the guidance and support offered to job seekers. This is a real area of weakness that the Government needs to urgently address in 2012."

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