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

Wednesday, 17 June 2009

Unemployment rises again... but not as steeply as before

by Samantha Dunbar, Policy Manager for Employment

Unemployment in Greater Manchester has risen again according to figures released today. However, the rise is not as steep as in previous months, giving businesses and individuals reason for cautious optimism.

The number of people claiming Jobseekers’ Allowance in Greater Manchester is 78,314, compared with 77,908 last time figures were released.

Although a rise in those claiming Job Seekers’ Allowance was expected, given we are still in the thick of recession it is positive to see that firms are doing their utmost to hold on to their current workforce. Results from our last Quarterly Economic Survey suggest that there are more firms retaining staff than those planning redundancies, which is excellent news.

However it is important not to get complacent. Indicators suggest we are in a W-shaped recession: while things may have levelled off or may even be slightly on the up, there may be more difficulties to come and we would urge businesses to be optimistic but vigilant.

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