Employment Gain Only Temporary
Written by Geoff Newman on 9/19/2012
It has been suggested that the recent rise in employment figures may only be temporary, with the Olympic factor having been a huge contributor that helped to offer people short term work. Professional services firm KPMG said that the next quarter may prove interesting, with there being no guarantee that the number of vacancies will continue to rise as they have done this summer.
Talking of the latest job economic, partner at KPMG, Bernard Brown, said “Another month of relatively good news for job-hunters is welcome amidst ongoing predictions of tougher economic times. With little change to this outlook expected over the next few months, employers could be forgiven for delaying recruitment decisions, but the signs are there to suggest that they are gradually regaining confidence and recruiting for long-term growth.”
Summer 2012 has seen significant rises in employment levels, with many experts feeling that employer confidence was growing as the economy stabilised. However, many of these jobs may have been influenced by temporary vacancies that were created specifically for the London Olympics and Paralympics. Now that these two major sporting events have finished, the coming three months may see a fall in employment opportunities.
Whilst KPMG remained uncertain about the future, chief executive of the Recruitment and Employment Confederation, Kevin Green, was far from optimistic. He said that youth unemployment was a particular concern, adding that a lot had to be done to ensure that vacancies for the next generation were available.