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Unemployment figures put employers on the wrong track

Published in: Aluminium, Publication date: 01-04-2010

Rising unemployment figures have caused major concern, but behind the economic statistics the underlying trend is for a decline in the supply of skilled workers. Even at a time of crisis, businesses need to continue to anticipate what the future will bring.

Reading the communication from the Central Bureau for Statistics at the end of February brought visions of disaster into many minds: an increase of 130,000 in the unemployment figures in a year's time, a three-fold rise in the numbers claiming unemployment benefit, and, critically for this sector, the observation that the number of jobseekers has risen most sharply among technical professionals at the lower and middle levels. At the same time the CBS published specific figures dealing with events in our sector. "January 2010 saw a rise of nearly 11% in production in the basic metal and metal manufacturing industries compared to the previous year.

Read the article: Unemployment figures put employers on the wrong track
 

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