Bernard Brown, partner and head of business services at KPMG, has reacted to the publication – this morning – of the latest employment figures. He says:
“Despite all the talk about double-dip recessions and crises across the Euro Zone, its welcome news that unemployment has fallen again. It seems that, with April and May’s figures still front of mind we are now witnessing an improvement in the fortunes of the UK’s current and prospective workforce. It must be encouraging news for the thousands of individuals about to leave the comfort of university halls and hoping to take their first steps on the career ladder.
”However, good news though this is, the fact remains that we should not celebrate too soon. Even though KPMG’s own figures show that the number of people securing permanent jobs has risen for the fifth consecutive month we have not yet turned a corner. The latest figures represent the lowest monthly rise since last December, indicating a return to uncertainty and cautiousness when it comes to recruitment.
“Further, the recent launch of the A-Plus plan by the Chancellor and Governor of the Bank of England suggests that the economy needs an injection to cure its current ills. Couple this with the aftermath of the Greek election, and it’s easy to see why employers across the UK are still not breathing easily. A solution to the Euro Zone crisis is still nowhere in sight and with debates from this week’s G20 summit ringing in our ears, the brief must be a watching one.”
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.