Ongoing rise in jobs depends on strength of housing market

Ongoing rise in jobs depends on strength

Bernard Brown, partner and head of business services, reacts to the publication of the UK employment figures. Unemployment levels fall to 2.16 million.

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Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 161,000 to 2.16 million, Bernard Brown, partner and head of business services, at KPMG, says:

“England may not be the pundits’ tip for World Cup glory in Brazil, but those who were predicting a jamboree of jobs in the summer certainly have something to celebrate, as employment seems to be going from strength to strength. With the latest jobs figures coming hot on the heels of news that the UK’s economic output is being revised upwards, and so soon after the IMF admitted they underestimated the strength of the UK economy, the upward curve on the jobs market must be seen as a sign that the UK is moving in the right direction. 

“However, whilst the job market is certainly fluid, there remain two notes of caution. Employers still can’t find enough staff with the right qualities to fill their growing vacancy lists – and job seekers would do well to ensure they have the appropriate skills and qualifications if they want to be considered seriously for any roles. We also have to watch the housing market very closely. If, as some fear, it begins to implode, the effect could be one which severely tests the foundation stones on which the labour market is currently built.”


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About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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