'Stabilised' jobs market to ease debt help needs?
'Stabilised' jobs market to ease debt help needs?
- Friday, 16 October 2009The UK jobs market has reached a stage of "fragile stability", it has been suggested.
That is according to the Institute for Employment Studies (IES), which has made its observations following the release of figures from the Office for National Statistics (ONS) which revealed that unemployment growth had slowed.
The stabilisation of joblessness in the UK could have an impact on the
debt advice requirements of the population, with less people struggling than expected with the problems associated with unemployment.
Thomas Usher, research fellow at the IES, said: "There is finally a certain amount of stability in the jobs market, but it is fragile - all it takes is for the economy to stumble and that situation in the labour market could reverse very quickly."
According to data from the ONS, there are now 2.7 million unemployed people in the UK, with joblessness increasing by 88,000 in the three months to August.
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