|
Booming jobs market to provide recession protection? |
|
06 February 2008 |
Despite much talk of an economic slowdown, a new all-time record of 29.4 million people are in employment in the UK today.
Despite much talk of an economic slowdown, a new all-time record of 29.4 million people are in employment in the UK today. This follows an increase of 263,000 during 2007.
In addition, the number of people claiming Jobseekers Allowance stands at its lowest total since 1975. Economists are expecting further growth of approximately 120,000 new jobs during 2008, far from the dire predictions of disaster prevalent in some quarters following 'Black Monday' on 21 January.
According to Ross Strowger, an Employment Partner at Kester Cunningham John, "These employment figures give much cause for optimism, bringing with them genuine prospects of protection against recession in the months to come."
Mr Strowger is aware, however, that many people will be concerned that most of the jobs will be taken by foreign workers. "True, recent years have seen large numbers of workers arriving from countries like Poland and the Czech Republic, attracted by our strong economy. Now, however, it appears that the picture is changing.
First, central and eastern European economies are booming |
|
