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Long-term job prospects "remain solid"

20/01/2009

A new study into the UK's work environment has concluded long-term job prospects remain good.

The report, Working Futures, was conducted by the UK Commission for Employment and Skills. It said job growth would be strongest in computing and financial services.

"The long-term rate of unemployment growth is expected to be just under half a per cent per annum, resulting in almost two million additional jobs over the decade."

Skills secretary John Denham noted it was important the government helped those affected by unemployment and did not "lose sight of the future needs of our economy".

The secretary of state for work and pensions James Purnell has said £500 million is being directed to help minimise long-term unemployment.

"We are investing to give people real help to get back to work today, as there are still over half a million jobs available which employers are trying to fill."

Professional services firm KPMG commented that in the last recession, the companies that invested in staff training recovered quickest.

 

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