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

Wednesday, 11 August 2010

Latest Unemployment Figures

Dr Brian Sloan, Head of Business & Economic Policy at Greater Manchester Chamber of Commerce: "Today’s Jobseeker’s Allowance claimant figures paint a mixed picture across Greater Manchester. Most boroughs saw a fall, but there was a rise in Bolton, Salford and Trafford.

"This is a concern given that we are yet to see the real impact of the impending public sector cuts on job losses. Despite positive headline national figures for unemployment there is a timing issue if trying to compare these data. The slow down in the fall of claimants demonstrates that business confidence in the economic outlook is impeding job creation.

"Whilst we expect to see a similar picture next month unemployment looks almost certain to rise and the Government’s hopes for private sector job creation must be in doubt. With a wealth of employment legislation to deal with employers are more reluctant than ever to commit to job creation given the level of uncertainty over the economy’s prospects."

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