UK job figures are improving but have got a long way to go to decrease the amount of unemployed
The north of England is going to take the longest to recover with the UK on average taking 5.5 years to return to the pre-recession employment rate of 73%. London will return to its previous employment rate of 70.3% within two and a half years, yet the south east has been hardest hit which could take ‘decades to recover according to the study undertaken by the TUC.
Currently 2.5 million people are unemployed with 1 million of this being graduates and young people aged between 18-24. There were 416,000 jobs created in the last 12 months, which are nowhere near enough to bring the UK jobs market back to previous figures.
These figures are not good news for graduates of 2011 because employees are unwilling to risk recruitment costs on training graduates to gain the necessary skills needed to fill the current vacancies, which means there may be another lost generation of graduates.
TUC General Secretary Brendan Barber said: "The Government’s spending cuts have already hit consumer and business confidence, and they will start to cause heavy job losses in the public sector too."
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