• Home
• News
• About Us
• Contact Us
• Buy Legal Documents
• Take on my case

Posted by Patrick White

New figures showing that the number of people out of work in the UK fell in the first quarter of the year represent mixed news for the country's long-term economic recovery.

That is the opinion of Dr John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development (CIPD), who believes data published this week (June 15th) is not necessarily entirely positive.

The Office for National Statistics has revealed that the unemployment rate in the UK dipped at its largest rate since August 2000 in the first three-month period of this year, as the total number of people not in work fell by 88,000.

However, even though Dr Philpott noted this is a clear sign that "wage pressure is moderating in the face of higher inflation" which is "good news", he added that one "obvious concern" is "that job vacancies appear to be drying up".

In addition, the expert pointed to the fact that the "scale of public sector job losses" is also a worry.
 

15/06/2011 15:42