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Thursday 18 October 2012

Fall in youth unemployment 'very encouraging'

The Confederation of British Industry (CBI) has welcomed the latest official labour market figures, especially where youth employment is concerned.

Neil Carberry, the director for employment and skills at the CBI, believes that the data from the Office for National Statistics highlights that "businesses are still creating jobs" despite having to steer through tough economic times.

According to the figures, 212,000 more people found employment in the three months to August, while unemployment in the UK dropped by 50,000 during the same period.

On top of this, the number of young people employed across the country increased by 51,000 and youth unemployment dropped below one million for the first time in 12 months.

Mr Carberry acknowledged: "It is particularly encouraging that youth unemployment has started to fall, which suggests that job prospects for young people are picking up."

However, the CBI director stressed that the country cannot get ahead of itself as more than two and a half million citizens are still out of work and that "progress on unemployment will require sustained economic growth".

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Posted by John OakADNFCR-1617-ID-801472322-ADNFCR

Original: Salespeak News

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