Unemployment figures 'provide good news'

The latest UK unemployment figures suggest that the country is continuing to recover from the effects of the economic downturn as more employment positions are created, one expert has pointed out.

Dr John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development (CIPD), made the comments after the Office for National Statistics revealed that total employment grew by 80,000 in the quarter to April.

The figures show that the growth in private sector employment since December 2010 more than offsets the decline in public sector employment – something Mr Philpott said is reason for cheer.

"Signs that wage pressure is moderating in the face of higher inflation will also come as good news to the Bank of England. This should counter the case for a hike in interest rates later in the year," he added.

It comes after of Ian Brinkley, centre director at the Work Foundation, observed that the private sector is continuing to push ahead with jobs expansion as it aims to offset public sector cuts.

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Posted by John Oak and Wayne Bly

Source: The Sales Director News