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REC reaction to latest unemployment figures

The number of people in the UK out of work during the three month until July rose to 2.51 million, an increase of 80,000, according to the latest figures published today by the Office for National Statistics.

Commenting on the latest statistics, Kevin Green, the REC’s Chief Executive, said:

“The latest unemployment figures are disappointing but not surprising. A combination of factors including a slowing economy,  more young people coming onto the jobs market, public sector cuts and reducing business confidence have all come together to create higher unemployment. This tallies with the REC’s monthly Report on Jobs which shows a deceleration in demand for staff over the past five months.

“However, demand for jobs in some sectors remains steady and the UK jobs market is bending but not breaking. We need the Government to start delivering on its growth agenda if we are to boost private sector job creation and build momentum for long-term recovery. This should include practical measures such as National Insurance Contributions holiday for employers taking on young jobseekers.”