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Thursday, 13 December 2012

CIPD welcomes unemployment boost

The Chartered Institute of Personnel and Development (CIPD) has welcomed the latest Office for National Statistics data which revealed a significant drop in the number of unemployed people in the UK.

Mark Beatson, chief economist at the CIPD, said that the new figures continue to show the strength of the UK's labour market, despite some difficult global conditions.

He explained that a large proportion of the drop can be attributed to the increase in the number of young people who are now in full-time education.

Although youth unemployment in the UK is still too high, the announcement of a new government initiative to extend the Youth Contract Employer Wage Incentive can only be viewed as a positive, Mr Beatson remarked.  

He also wants private sector companies to play their part too, stating: "To make sustainable progress on tackling youth unemployment, we need a mind-set change among employers so that they recognise the long-term business benefits of investing in young people."

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Posted by Richard EsquilantADNFCR-1617-ID-801506101-ADNFCR

Source: Salespeak News

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