Bad news on the employment front

by Admin

Well, I’m back from the USA now, and the news in the UK media has been about the recent report showing that unemployment is still on the rise. A quarter of the 528,000 people who have been out of work for more than a year are less than 25 years old. There are thousands of school and university leavers who are just now entering the job market and finding it particularly tough.

However, one good thing to do if you find yourself in this situation is to look for extra skills or experience that can differentiate you from other applicants and make you stand out to employers. You can do this by looking for training courses which are relevant to the work you want to do (for example, you might consider a course on computer skills) or by trying to get some volunteer work to get you experience in the industry.

The market is so difficult now for those looking for work that even this may not be enough to get a job immediately. However, those that have spent the time bettering themselves will be the ones to benefit when the job market picks up.

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Thursday, July 16th, 2009 Economy No Comments

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The U.S. economy as one to watch

by Admin

I’m in the United States at the moment, and the news here is of an economy that is still unstable. A recent report shows that not only are employers still cutting jobs, but that the number of jobs lost in June was more than were lost in May. Despite this, Barack Obama is confident that things are stabilising.

Why is the US economy important to us in the UK? The United States has the largest economy in the world and affects the economies of most of the rest of the world, including the UK. There are a range of ways economies affect one another – for example, if the US suffers from a poor economy there will be less demand in the US for British goods and services, as money is tight. Also, our financial institutions work very closely with those in the US – the bad debt created with the sub-prime loans in the US affected banks worldwide, and our own banks had been making sub-prime loans of their own.

It will be possible for the UK economy to recover before that of the USA – and in fact it might happen that way – UK industry does not seem to be suffering as badly as in the US, and we have a smaller economy to turn around. However, it is most likely that the global recovery will begin only once the US itself is in recovery – and the news over here suggests that’s some way off, at least for the moment.

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Saturday, July 4th, 2009 Economy 1 Comment

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