The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Tuesday, 12 May 2009

Unemployment figures reach 2.2million

by Samantha Dunbar, Policy Manager for Employment & Skills

Unemployment figures may have been made available a little earlier than expected but there are no great surprises with a rise to 2.22 million out of work in the first three months of 2009. The drop in manufacturing jobs nationally has been mirrored locally, with the highest increase in claimants concentrated in the industrial parts of Greater Manchester.

Results from our Quarterly Economic Surveys have indicated that employers have been doing their utmost to preserve employee positions, with many companies choosing not to make people redundant in the early stages of the economic downturn. With the onset of the new financial year, such businesses have had to make some difficult decisions - no business takes letting hardworking employees go lightly.

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