Unemployment figures are 'make or break'

Todays unemployment figures will be 'make or break' according to a leading reasearch group. The Centre for Economics and Business Research say that the outlook for the future looks difficult as unemployment is projected to continue to increase over the next five years.

It says that after falls across the UK last month, the prospects are still negative for unemployment.

The latest unemployment figures are due out at 9:30am. Last months figures showed a small rise in the number of people out of work in Wales to 131,000 in the three months to the end of February.

With the number of people getting into part time work rising from 89,000 to 1.4 million, the outlook should technically look good for the future. However there is still more work to be done, particularly for vulnerable groups such as young people. As well as being aided by increasing the number of opportunities available to them, young people also need support and good advice on the current jobs market and how they will need to tailor their job hunting strategies accordingly.

– Carmen Watson, Pertemps Network Group

Advertisement

Unemployment falls by 5,000

Unemployment has fallen by 5,000 in Wales with 121,000 now out of work. The figures were released by the Office of National Statistics this morning.