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Friday 21 January 2011

Ministers 'need to support flexible labour market'

Ministers should take steps to maintain flexibility in the country's labour market, according to an expert from the British Chambers of Commerce.

The organisation's chief economist David Kern suggested that "onerous regulations" should be avoided in order to prevent unemployment levels from increasing.

He stated: "With the prospect that private sector employment could decline over the next year, it is critical that private sector businesses are able to create new jobs."

Mr Kern went on to say that the country's rate of unemployment may also be impacted by interest rate rises in the near future.

The number of jobless people in the UK could grow if such rates are pushed up too early, the commentator suggested, which might concern those in sales recruitment roles.

Over the course of the quarter which led up to November of last year, a 70.4 per cent rate of employment was seen in the UK among the nation's 16 to 64 year-old workers, the Office for National Statistics recently found.

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Posted by John OakADNFCR-1617-ID-800357023-ADNFCR

Source: Salespeak News

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