Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 48,000, Bernard Brown, partner and head of business services, KPMG Management Consulting, says:
“The past few days have given credence to the idea that when America sneezes, Britain catches a cold. Only last week news emerged of a much better employment outlook across the Pond than had been expected and today’s figures suggest that, together, the US and UK are setting a trend other countries will hopefully follow. No doubt the figures will be welcomed by those people setting Government policy, but before complacency sets in a closer examination of earning power should be undertaken as the question that must be asked is whether wages are providing a sustainable standard of living.
“There is also the issue of the young unemployed. As recovery gathers pace employers want people in place who have a short learning curve and are able to deliver results instantly. Such an approach may have short-term gains, but employers need to be thinking about the longer-term. For the good of their own continuity and the good of the economy as a whole, organisations should be looking for every opportunity to help alleviate the plight of long-term youth unemployment.”
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 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 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.