Unemployment figures a 'mixed bag' for those requiring debt advice
Unemployment figures a 'mixed bag' for those requiring debt advice
Thursday 17th December 2009
According to the latest data from the Office for National Statistics (ONS), the number of people claiming Jobseeker's Allowance fell by an impressive 6,300 in November, indicating that many had managed to find work.
Dr John Philpott, the CIPD's chief economic advisor, welcomed the news, but urged caution at the same time.
"The most positive set of jobs figures since the start of the recession provide much needed seasonal cheer after a year of bad economic news," he said.
However, the economic expert added that it "would be wrong to conclude that unemployment won't continue to rise for much of 2010" based on these early results.
Dr Philpott also highlighted the less positive aspect of the ONS figures, warning that a growing number of people are having to take on part-time work because of the lack of available full-time jobs.
"The emergence of 'part-time Britain' is good insofar as it helps keep the lid on headline unemployment but is an underlying sign of the pain still being inflicted on the UK workforce by the recession," he explained.
According to the ONS release, as many one million people are working part time because they are unable to find a full-time job, while the number of people on full-time contracts continues to fall.
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