Redundancies Strike Again

Once again the number of redundancies and the rate of joblessness has risen. While this will pose a problem for many, the turnover of our business has continued to rise. In our group alone, monthly turnover is in excess of £4 million showing no decline in consumer demand whatsoever.

The following are excerpts from the National Office of Statistics website and are reproduced under the terms of the Click-Use Licence.

"The number of unemployed people, the unemployment rate and the claimant count have all increased. The number of vacancies has fallen. Growth in average earnings, both including and excluding bonuses, has fallen. There has been a fall in the employment rate but the number of people in employment has increased slightly on the quarter. The number of inactive people of working age and the inactivity rate have fallen."

"The number of jobs in December 2008 was 31.32 million, down 203,000 on the quarter and down 284,000 over the year. This is the largest quarterly fall in jobs since September 1992. Most sectors have shown falls in jobs over the quarter with the largest fall occurring in finance and business services (down 102,000)."

"The redundancies level for the three months to January 2009 was 266,000, up 86,000 over the quarter and up 154,000 over the year. This is the highest figure since comparable records began in 1995."

"There were 482,000 job vacancies in the three months to February 2009, down 74,000 over the previous quarter and down 203,000 over the year. This is the lowest figure since comparable records began in 2001. All sectors have shown falls in vacancies over the quarter with the largest falls occurring in distribution, hotels and restaurants (down 27,000) and finance and business services (down 24,000)."

Several records broken here. While this may be alarming in general, at least we can be assured that working for ourselves with the backing of a major player we will not be hit by such calamity. The time has come to help others make the most of this fantastic opportunity.

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