GOVERNMENT MUST BUILD ON POSITIVE JOB FIGURES SAYS BCC
November 14 2012.



- In the three months to September 2012, unemployment fell by 49,000, compared with the previous three months, and employment rose by 100,000

- Youth unemployment fell by 49,000, but remains below 1 million

- Both part-time and full-time employment increased in the three months to September 2012


Commenting on the labour market figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said: "The latest job market figures are again encouraging and support our assessment that the UK economy will grow over the next year, albeit at a modest pace. Unemployment is down, employment is up, and the level of inactivity has continued to fall, signaling that people are returning to the workforce.

"There are still some areas of concern: the claimant count has increased; youth unemployment is still too high; and half of the new jobs created in the last three months have been part-time. There is little doubt that the economy has been stagnant for too long, despite the positive GDP figures in the third quarter.

"Efforts to reduce the deficit mean that public sector employment will continue to shrink, so it is positive news that the private sector is able and willing to create new jobs. The government must build on the positive job figures to enable businesses to grow and to continue to create new jobs. An effective growth strategy should include further deregulation, increased infrastructure spending, and measures to make it easier and more attractive for businesses to invest and export."