UK unemployment: Covid impact on young people ‘could last a lifetime’ March 23, 2021 The disproportionate impact of the pandemic on young people’s job prospects “could last a lifetime”, according to analysts. Unemployment data released this morning by the Office for National Statistics showed that under-25s make up two thirds of the 700,000 job losses since the start of the pandemic. Lorna Carter-Blake, managing director at DA Training and [...]
UK unemployment rate drops slightly to five per cent March 23, 2021 The rate of unemployment in the UK fell slightly to five per cent from November 2020 to January 2021, some 1.1 percentage points higher than the same time last year.
New US jobless claims jumped last week to 770,000 March 18, 2021 New US jobless claims unexpectedly jumped last week to 770,000. Initial claims for state unemployment benefits came in at a seasonally adjusted 770,000 for the week to 13 March, the Labor Department said today. The week before new US jobless claims came in at 725,000 people seeking benefits. Today’s numbers were worse than what economists [...]
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
UK financial services sector shakes off Covid blows as vacancies surge March 10, 2021 Vacancies in the financial services sector are well on their way to recovery after a sharp slump at the start of the pandemic, according to new APSCo data. Research from the Association of Professional Staffing Companies (APSCo) showed hiring fell 58 per cent in the second quarter of 2020 as Covid battered employment prospects. However, numbers [...]
Number of new jobs in the US smashes expectations with 379,000 roles added in February March 5, 2021 Number of new jobs in the US smashes expectations with 379,000 roles added
Shaun Bailey: Mayor’s £70m Good Growth Fund created only 109 jobs since 2017 February 23, 2021 Mayor Sadiq Khan faces criticism from Shaun Bailey over Good Growth Fund which has only produced 109 jobs
Recruitment firm RTC suffers drop in profit as pandemic takes toll February 22, 2021 London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world. Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019. Meanwhile, net cash increased to £1.9m and RTC reported [...]
New US jobless claims rise unexpectedly by 861,000 February 18, 2021 US jobless claims rise unexpectedly to 861,000
REC: Recruitment is £7.7bn key to economic bounce back February 18, 2021 Recruitment is the key to economic recovery, the Recruitment & Employment Confederation (REC) has said today, as recruitment firms boost productivity by £7.7b each year. However, far more can be achieved as new research found that only half of people think that companies are doing a ‘good job’ at recruiting efficiently. A below standard hire [...]