Company Formation Sector Says Unemployment is Up

It is a well documented fact that the recruitment sector was among those most badly affected by the economic downturn.

Indeed, as a result of the fact that many company owners were concentrating their efforts on making sure they did not have to make redundancies, rather than considering hiring new members of staff, the recruitment sector decreased by an estimated thirteen per cent while unemployment figures were at record levels.

However, at the start of the year – a notoriously busy period in recruitment – the outlook began to look more positive. A report revealed that over one in five small businesses were planning to hire at least one member of staff in the first quarter.
Yet, recent figures which reveal that over two million people in the UK are unemployed indicate that the initial positivity may have been ill-informed.