Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 24,000, Bernard Brown, partner and head of business services, KPMG Management Consulting, says:
“Summer weather may be nothing more than a memory, but the sun still seems to be shining on employment prospects. Whereas a few months ago we were looking at one story of redundancy after another, today’s news appears to be driven by jobs that are being saved or those that are being created. Perhaps, with the OECD’s recent upward revision of its forecast for Britain’s economy, we really are on the cusp of economic recovery.
“The issue now, though, revolves around what will happen to the long-term unemployed. Our own research suggests that many employers are focusing attention on short-term roles where up-to-date skills are the currency of choice. It means that those out of work for some time face a vicious circle as long as the trend towards short-term contracts continues.”
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.