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Cause for Optimism
A spokeswoman for the Department for Work and Pensions has said: "There has obviously been an unwelcome increase in unemployment since the summer but the latest unemployment figures show some signs that the labour market is stabilising.”
The number of people unemployed rose 48,000 to 2.67m and those now in employment rose by 60,000 to 29.13m. Charles Levy of The Work Foundation welcomed the rise and said it “is in sharp contrast to the steep falls recorded in the autumn”.
The department for Work and Pensions spokeswoman commented further that "The number of people in employment is higher than last month's published figure, and the number of unemployed people is steadying."
Adding that "the increase in those claiming Jobseeker's Allowance has slowed and our welfare reforms are having a positive impact, with overall benefit claimant numbers falling by around 40,000 in the last 18 months."
Additional positive news can be found in comments made by the CIPD regarding government policy helping youth and long-term joblessness.
In addition John Philpott, Chief Economic Advisor at the CIPD recently commented that "As long as there is a relatively benign outcome to the eurozone crisis we expect the 2012 jobs recession to be milder than that suffered in 2008-9,".
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