According to the Recruitment and Employment Confederation (REC), more needs to be done to encourage job creation across the UK and get people into work, which would subsequently have a positive effect on the UK's economy.
Kevin Green, chief executive of the REC, said the economy "doesn't really start to fly" in terms of job creation until there is 2.5 to three per cent GDP growth, with most economists not expecting this to happen until mid-2012.
"So we've survived, the industry has done OK and we are now in a period of starting to recover, but it's very, very slow progress," he added.
Last week, a revised employment forecast by the Chartered Institute of Personnel and Development suggested that unemployment is now expected to peak at 8.7 per cent (2.7 million) in mid-2012 rather than 9.5 per cent as previously forecast, due in part to lower-than-expected unemployment in the first quarter of this year.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News