The latest ONS unemployment figures published last week has revealed that there are now 2.45 million people out of work, a 20,000 drop in the three months to August. This represents a 0.1 per cent drop on the quarter while at the same time, the number of people claiming Jobseekers Allowance rose by 5,300 to 1.47 million.
Commenting on the latest figures, APA Director General Gareth Osborne said:
"The ONS figures show that the jobs market is starting to flatten with the growth in job placements at its slowest rate for a year. This raises real fears, especially in light of expected cuts in the public sector following the Chancellor's Comprehensive Spending Review this coming week. The focus must be on incentivising private sector employers to take on more staff and improving the support given to the worst hit groups, such as the near million young job-seekers.”
APA believes the jobs market will remain flat for the last quarter of 2010 and not show any appreciable improvement for the first two quarters of 2011 and only then if drastic action is taken to stimulate employment.
Gareth concluded: “Government has to look to the 3 million plus small and micro enterprises for help; if each took on just one person the unemployment problem would be allayed. To achieve this Government has to incentivise employment through tax breaks for the business and a honeymoon period on employment costs for the employer and employee. It is time for radical action to revive employment. If people earn, then they spend and that will intubate the economy.”
APA
Commenting on the latest figures, APA Director General Gareth Osborne said:
"The ONS figures show that the jobs market is starting to flatten with the growth in job placements at its slowest rate for a year. This raises real fears, especially in light of expected cuts in the public sector following the Chancellor's Comprehensive Spending Review this coming week. The focus must be on incentivising private sector employers to take on more staff and improving the support given to the worst hit groups, such as the near million young job-seekers.”
APA believes the jobs market will remain flat for the last quarter of 2010 and not show any appreciable improvement for the first two quarters of 2011 and only then if drastic action is taken to stimulate employment.
Gareth concluded: “Government has to look to the 3 million plus small and micro enterprises for help; if each took on just one person the unemployment problem would be allayed. To achieve this Government has to incentivise employment through tax breaks for the business and a honeymoon period on employment costs for the employer and employee. It is time for radical action to revive employment. If people earn, then they spend and that will intubate the economy.”
APA
No comments:
Post a Comment