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Slow Down In Unemployment

Slow Down In Unemployment

Ministers have pledged to keep increasing support for jobseekers as figures out today show the rise in unemployment is continuing to slow, with fewer people becoming long term unemployed than anticipated in Aprils Budget.
Todays figures show that while the overall number claiming Jobseeker's Allowance rose by 20,800 last month, almost 336,000 people left the count.
ILO unemployment is at 2.47m. The quarterly rise of 88,000 is significantly lower than in previous months - showing that the Governments 5 billion extra investment to help jobseekers is taking effect.

The figures also show that the number of 16-24 year olds classed as ILO unemployed has increased by 19,000 to 945,000. However most of that increase is accounted for by a 17,000 rise in the number of full time students who are also looking for work. Around a quarter of the 16-24 year olds ILO unemployed are full time students.

Last month, the number of 18-24 year olds claiming Jobseekers Allowance rose by 7,900.

Secretary of State for Work and Pensions, Yvette Cooper said: "These figures show families across the country are still being affected by the global recession. Although unemployment isn't as high today as many feared it would be at the time of the Budget, it remains a serious problem, which is why we must keep increasing support and advice to get people back into jobs. We will not leave them on their own."

As part of the Governments support for young people in particular, Ministers also announced today that the third round of winning Future Jobs Fund (FJF) bidders will create almost 5,000 more jobs. This brings the total number of jobs that will be created through FJF so far to almost 60,000.
Young people in Barnsley, London and Hove have already started work through the Fund in a range of different sectors giving the young unemployed, the chance to learn a range of skills by working for charities, businesses and public bodies.

The REC Responds
New figures published today show that more than 8,000 people have benefited from the new Six Month Offer. In addition, over 40,000 people are finding jobs through Local Employment Partnerships every month which will help a total of 750, 000 people back into work by the end of next year.

Responding to the latest jobs Figures and the continued rise in youth unemployment, REC Director of External Relations Tom Hadley says: Employment will continue to be one of the key political issues in the run-up to the next election. The recent Party Conferences confirmed that the recruitment industrys contribution to this debate is increasingly recognised and recruiters are in a unique position to highlight the disconnect that still exists between the skills and abilities of job-seekers and what employers are looking for.

Acquiring practical experience in particular through temporary assignments - can help young job-seekers to differentiate themselves in a hugely competitive labour market. This further strengthens our arguments for the Government focus must be on stimulating recruitment activity through tax incentives and by avoiding a heavy-handed and premature implementation of new employment regulations such as the EU Agency Workers Directive."


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