Newspaper article The Evening Standard (London, England)

... but London Employment Woes Seem to Be Easing

Newspaper article The Evening Standard (London, England)

... but London Employment Woes Seem to Be Easing

Article excerpt

RECRUITMENT firm Manpower said today that London's unemployment crisis looked to be easing.

It said that firms are preparing to start hiring staff again and "moderate headcount growth" is expected in the capital in the first three months of 2010 after a year of decline.

UK unemployment presently stands at 2.5 million or 7.8% although the percentage is considerably higher in London. But in its Employment Outlook Survey which took readings from 2100 firms, Manpower found businesses were more positive in London than the UK as a whole and that outlook in the City was particularly bullish.

Mark Cahill, managing director at Manpower, said: "The glimmer of hope we saw last quarter is now turning into an encouraging spark."

Paul Laurie, operations manager at Manpower, said: "As the UK's financial centre, London was the first region to feel the full force of the recession.

"These results could be a first indicator that, for London's labour market, the worst might be over. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.