Reacting to the publication, this morning, of the latest UK employment figures, which have seen unemployment levels fall by 132,000 to 2.08 million, Stephen Barter, a director at KPMG, says:
“A variety of recent surveys – including our own – have shown how employers are hungry to bring in both raw talent and experienced hires. As demand has stepped up, the search for new employees has bordered on desperation on occasion, but today’s figures show that employer-employee match-making is also becoming increasingly successful.
Yet for all the talk of good news as growing numbers of people return to work or find new jobs, it does seem that employment figures are being bolstered by clearly defined pockets of success. Services, for example, still account for over 70 percent of the UK economy and although the country’s industrial and manufacturing output has shown positive signs, it remains at lower than expected levels.
There has also been a lot of debate about spare capacity existing in the labour market. As more people join the workforce the challenge will be to ensure they fill gaps in the right places. Labour mobility remains an issue, meaning that employers will have to work hard to ensure a more balanced distribution of jobs.
Mike Petrook, KPMG Press Office
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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.