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ONS Unemployment figures out today

ONS Unemployment figures out today

Unemployment still poses many questions

Many have been left searching for solutions as the job market still requires measures to drastically reduce unemployment.

Figures released today by the Office for National Statistics show unemployment has risen once again. There are now 2.68 million unemployed people, up 118,000 on the quarter.

Carmen Watson, Managing Director of Pertemps Recruitment Partnership, said, “Although there has been a boom in temporary employment over Christmas, this is the time when the greatest challenge will be presented to the job market as many industries enter a quieter period. Retail in particular has taken a battering at the start of the year with the failure of high street stores bringing about job losses.

“The key step to reviving the employment picture is focussing on enhancing skills and considering roles in industries where there is still a call for talented, hard working people. This will require a greater deal of flexibility on the part of applicants and an amenable, yet determined attitude. Jobs are still out there but in many situations they may be in areas you might not have thought of.”

 

ONS unemployment figures A comment from Robert Half UK

Andy Dallas, associate director, says:

“Today’s figures are no surprise. The private sector jobs market is still showing signs of buoyancy, but the numbers are being hampered by poor public sector results.  The end of 2011 saw a slowdown in hiring levels which may have been in response to macroeconomic conditions and wider European uncertainty. However, our clients are expressing their need to bring on additional staff to manage rising workloads and business expansion plans as well as key initiatives to drive cost efficiencies.

“Robert Half carried out research in December 2011 to find out the hiring plans among UK senior executives for the first half of the year the findings showed that private companies expect a net 14% hiring increase and publicly listed companies being most bullish on expansion, with a net 22% planning on hiring.

“Top performers will be instrumental in helping organisations move forward in uncertain economic conditions.  Too many companies wait until they receive resignations to enhance their retention efforts.  But of course, by then it is often too late to keep the top performers. We are continuing to see strong hiring levels across markets such as financial services and within departments, including finance and accountancy, indicating that there are still plenty of opportunities available.”

 

Unemployment figures out today show uncertain times continuing

The Office for National Statistics released the latest UK unemployment figures today, show a rise in the number of people out of work. There are now 2.68 million unemployed people, up 118,000 on the quarter. 

With the impact of the global recession and continued economic and financial market uncertainty in the Euro area, indications are that the number of those seeking employment will continue to rise, while both permanent and temporary vacancies decline.

The Chartered Institute of Personnel and Development (CIPD) forecasts that the number of people in work in the UK will fall by 120,000 in 2012 despite a continued & lsquo;productivity pause’ and further real pay squeeze, with unemployment rising to 2.85 million and an annual rate of economic growth remaining below 2% until 2014. Despite the CIPD predicting “a mild rather than major jobs recession”, this is not good news for jobseekers, especially for the badly affected group of 16-24 year olds.

Liz Field, CEO of the Financial Skills Partnership (FSP), believes it is particularly alarming that the financial and accountancy market has been in negative territory for two consecutive months. “I am afraid these are still tough times for job seekers in this sector, in particular for young people starting out in their careers. FSP continues to spearhead recruitment into the financial sector through its state-of-the-art online portal, Directions, which offers young people easy access to detailed, accurate and independent information on over 70 careers in the sector.

“Young people may apply for work placements, apprenticeships and graduate traineeships online. This way, they can start building relationships with employers early, learn what kinds of jobs are available and what skills and behaviours are required in the sector. Though it cannot solve the national unemployment problem, through Directions, FSP is helping to ensure the financial sector will have the skilled workforce it needs to continue to thrive in the future.”

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