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17 August 2012

Rising employment figures resist a falling economy

We read an encouraging article on PersonnelToday.com about a rise in job opportunities combatting the crumbling economy.

Many of us aren’t hearing the other side of the story when it comes to our ‘collapsing’ economy. Bombarded daily with worrying figures and news features on the double-dip recession and a disquieting return to the 80s, it’s hard to see the silver lining.

But recent studies have been showing a glimpse of light for those being hit the hardest. With supposed ‘record unemployment’ getting no better, somehow in July 2012 the number of vacancies advertised online was 13% greater than 12 months previously and even 2.5% greater than just the month before.

But, as ever, the governmental arm has extended a statistic to counterbalance the uplifting news, with the Office for National Statistics claiming that the economy had fallen by 0.7% in 2012’s second quarter. It’s worth noting that the calculation method for this is based only on early approximations and projections of the Gross Domestic Product (GDP.)

The Reed Job Index is the organisation showing the promising rise in online employment adverts and they’ve been displaying this surprising trend ever since 2011’s third quarter. There isn’t an indisputable way to measure the strength or any fluctuation in the economy, it’s an abstract process and each methodology will give you a different indication.

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