Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 14,000, Stephen Barter, Director, KPMG Management Consulting, says:
“We have now seen more than two successive quarters of falling unemployment and this is an encouraging sign for the long-term outlook of the economy and of employers’ intentions for future employment growth. Of course, on its own, a figure showing a drop in the number of claimants is not a silver bullet, but taken alongside other positive economic data, such as house prices and stock prices, it is an encouraging trend.
“But there remains a productivity puzzle. Rising employment has yet to filter through to GDP growth, which remains stubbornly flat. One explanation is the reluctance of businesses to make capital investment. We need to see policy makers do as much as they can to give businesses the confidence to start investing again.”
Mike Petrook, KPMG Press Office
020 7311 5271 (t), 07917 384 576 (m) or firstname.lastname@example.org
Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.