Latest unemployment figures published
Latest unemployment figures
The latest unemployment figures, published by the Office for National Statistics, have shown another fall of 8,000 in the number of people out of work between May and July, bringing the overall total to 2.47 million.
At the same time, the number of people claiming Jobseekers Allowance has risen 2,300 between July and August, with the current total now at 1.47 million.
Commenting on the latest figures, Kevin Green, the REC's Chief Executive said:
The fact that unemployment is down is good news and is another indication of some stability in the jobs market. This fits with the feedback from recruitment professionals in terms increasing hiring activity in a number of sectors. However, the overall outlook presents a mixed picture and there are major challenges facing specific groups of jobseekers - for example young people looking to break into one of the most competitive labour markets in recent times. We need to build better bridges into the world of work and to drive a radical shake-up of the support and guidance currently being offered.
Looking ahead, we can expect unemployment to remain static and to potentially start creeping upwards in light of expected public sector cuts. Can the private sector absorb the public sector fall-out? The latest signs are not good. The RECs September JobsOutlook shows increasing caution in terms of hiring intentions with employer confidence falling to a six month low. This has dampened expectations of possible jobs growth into 2011.