ENCOURAGING JOB FIGURES PROVIDE HOPE FOR THE ECONOMY
18 July 2012
The latest employment data shows that, in the last three months, unemployment fell by over 2,500 people in Sussex.
The latest employment data for Sussex shows that, in the last three months, unemployment fell by over 2,500 people.
Commenting on the unemployment figures published today by the ONS, Wendy Bell, General Manager at Sussex Enterprise said:
“The latest unemployment figures are encouraging following the recent pessimism about the UK economy. It is clear that the private sector is creating jobs while public sector employment is shrinking. These positive job figures must be supported by important policy measures, such as more deregulation and improved access to finance, to help businesses drive recovery".
ONS figures show an puzzling contrast between the growth in jobs and the decline in GDP. Clearly, many uncertainties lie ahead. Continued difficulties in the eurozone create challenges for exporters at a time when austerity measures are putting downward pressure on domestic demand. Unemployment is likely to increase further over the next twelve to eighteen months, but the peak will probably be lower than the 2.9m national figure predicted in the British Chambers of Commerce latest forecast.