Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 4,000, Stephen Barter, director in KPMG Management Consulting, says:
“Aspirational Britain – particularly those in their twenties and early thirties - may be reeling from recently published data on the rising cost of housing and rail travel but the latest official employment figures will offer some comfort, bringing with them the growing prospect of jobs and income.
“Today’s statistics also represent a further underpinning of confidence and the hope must be that business will now use this news as a stepping stone towards greater corporate investment which would, of course, strengthen GDP.
“However, unemployment still remains stubbornly high and although no-one realistically expects the figure to drop dramatically overnight, it is clear there is still some way to go before the ‘magic’ figure of 7 percent is reached. The hope must be that employers continue to translate confidence into career opportunities, or we risk undoing these early signs of recovery.”
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.