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Tuesday 11 September 2012

Labour market 'has been resilient during the recession'

The economic downturn does not appear to be having a major effect on the British jobs market, if new figures are any indication.

Recruitment firm Manpower underlined that unemployment across the UK has jumped by 93,000 people, which equates to 2.56 million individuals out of work since the coalition took power in May 2010.

It is not all doom and gloom though, as the number of people currently in work in Britain now stands at 29.48 million people.

This is an increase of 501,000 individuals since David Cameron came into power, as well as being just 96,000 lower than the pre-recession peak recorded in early 2008.

George Buckley, chief UK economist at Deutsche Bank, underlined: "Since the onset of the recession, the labour market has proved more resilient than might have been expected in light of economic weakness."

Earlier this week, Terry Scuoler, chief executive of trade body EEF, encouraged the government to refocus on its current growth plan, fearing the strategy has become "nebulous".

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Posted by Richard EsquilantADNFCR-1617-ID-801446996-ADNFCR

By: Salespeak News

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