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U.K. Employment expected to rise by 2017

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As unemployment rates soar here in the U.S., the employment rate is anticipated to rise in the UK to an unprecedented 30 million within the next 8 years.

“The commission for Employment and Skills says, “Despite the short-term uncertainties in both the world and domestic economies, a more optimistic picture is projected for the labor market over the longer term to 2017.

The Commission admitted that the greatest reason for the influx of employment will be “a significant increase in population.” The working age in Britain seems to have grown significantly in recent years due to immigration. Also expected is that the proportion of working-age people without a job, or looking for a job, will “fall slightly.”

The Commission’s 10-year analysis of British employment anticipates a growth of 1.75 million citizens, going from 28.527m in 2007, to 30.18m by 2017. Although they said there would “likely” be a recession and it would have “a significant impact on the real economy,” the commission predicted strong job growth in retail and distribution as well as in hotels and restaurants. Manufacturing is expected to lose more than 400,000 jobs by 2017. There will be a decline in skilled trades as well as in administrative, clerical, and secretarial positions. These two sectors once accounted for a very large portion of Britain’s jobs.

John Denham, skills secretary, said, “In the short term we are making sure that people who lose their jobs have access to the real help they need.” He continued, “But we must not lose sight of the future needs of our economy and do all we can to help people get the secure career jobs they want and need in the industries where growth will be the strongest in the coming years.

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Authored by: Harrison Barnes