SJD Accountancy

REC praise UK contractors following ONS report

Request Callback

Contractors across the UK have received praise from the Recruitment & Employment Confederation (REC) with regards to the latest Office of National Statistics (ONS) employment data.

The recent Labour Market Statistics, released by the ONS, found that despite the state of the current economic climate, there has been a dramatic rise in the amount of people aged 16+ who are in employment.

Kevin Green, REC Chief Executive, believes that the reason behind this is due to the influence of freelancers working in the UK today.

He explained, “The UK labour market continues to defy gravity as the private sector carries on creating jobs. This month’s increase in employment means we are only 96,000 off the pre-recession peak for people in work. The continued resilience of our jobs market is a testament to the benefit of this country having the most flexible labour market in Europe.

The ONS results have shown that the number of people employed has grown by 201,000 in the last quarter, which is the largest rise in employment since the second quarter of 2010.

Mr Green does however warn that ‘this could be the lull before the storm’: “With continuing uncertainty from the eurozone and with thousands of new graduates and school leavers joining the labour market over the summer, it’s difficult to see how this upward trend can be sustained. Our data suggests that we’re likely to experience a zigzag recovery, with jobs figures getting worse before they get better again.

“Long term unemployment remains a real concern, especially among young people who face fierce competition for jobs. Being unemployed for more than six months can have real consequences for employability and prevention is the best cure. We really need the government to revisit the support it provides young people and make sure it kicks in earlier than under current schemes.”

Please visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.

Request a Call Back

We want you to know exactly how our service works and why we need your details. Please read our Privacy Policy before you continue.