Wednesday, 15 February 2012

UK UN-EMPLOYMENT

Let’s look at the unemployment figures ahead of the announcement of latest figures by the Office for National Statistics. The first quarter of 2012 is likely to see the prospects for UK jobs take a significant hit.

This is because a new report from the Chartered Institute of Personnel and Development has shown that the three-month period is set to be the most difficult in the employment sector since the economic downturn.

According to the study, an increasing number of businesses will be looking to get rid of UK jobs - which could lead to unemployment figures totaling 2.85 million by year-end.

It was demonstrated that the difference in numbers between employers planning on taking new staff and the amount set to let workers go is currently at its highest since 2009.

Gerwyn Davies, public policy adviser at the CIPD said: "This will exert yet more pressure on a jobs market that is buckling under the strains of contractions in economic growth."

The jobless total increased to 2.68 million last month and is expected to rise again when the figures are announced on Wednesday. Surely the figures will give us the false impression of unemployment because they will only take into consideration the people who are out of work.

However according to the TUC study, the actual number of unemployed people in the UK could be 6.3 million, the highest since early 1990s.

TUC general secretary Brendan Barber said: "The headline unemployment figures are bad enough, but the true scale of joblessness is even worse. Over six million people are either out of work or under-employed. Tackling this crisis should be the Government's number one priority.”

"Our jobs crisis is not confined to those out of work. Nearly two million people are being forced to take low-paid, insecure, short hours jobs because of the lack of proper full-time employment. This means people are taking home much less pay, which is putting a real strain on family budgets.”

"When ministers say there are plenty of jobs out there, they are ignoring the sheer numbers of people looking for work, as well as the suitability and location of the jobs available. Rather than seek to blame unemployed people for being out of work, the Government should start helping them by putting proper resources into employment schemes."