UK unemployment down

UK unemployment has dropped for the second quarter in a row, spelling good news for job hunters.

HR Magazine confirmed that a new report from the Office for National Statistics revealed that UK unemployment fell by 36,000 in the first quarter of 2011, to 2.46 million.

This means that the rate of unemployment is now 7.7 per cent, down 0.1 per cent on the quarter.

Unemployment among 16-to-24-year-olds dropped to 935,000, meaning more young people are getting involved in job seeking and recruitment. London, Manchester, Sheffield, Brighton, Portsmouth and other cities across the UK are proving very popular for jobs, as figures suggest there were 469,000 job vacancies in the three months to April 2011, up 3,000 from a year earlier.

Steven Kirkpatrick, a recruitment expert, commented on the figures. He shared his optimism: “A second consecutive increase in employment figures provides job-seekers with some hope.”

“Key growth areas such as banking, finance and insurance are seeing an uplift in the creation of new job vacancies, but for the jobs market to really show signs of recovery we need to see the creation of new roles extended across other large industry sectors, such as engineering and manufacturing and retail,” he added.

Malcolm Barr, an economist with JP Morgan, also hailed the positive figures. Speaking to The Independent, he said: “The strength of employment around year end sends a very positive message about the ability of the private sector to take up the slack.”

by Ashley Curtis on May 20, 2011

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