IoD reaction to unemployment figures

Dated: 15 December 2010

Commenting on the latest Labour Market Statistics, Graeme Leach, Chief Economist at the IoD said:

“The labour market looks very flat, and doesn’t fill us with confidence about the pace of economic recovery. Employment, particularly full-time employment, is down and the LFS measure of unemployment is up. Claimant count unemployment and vacancies are basically flat.”

He added:

“The softening in the labour market reinforces our message that economic recovery will weaken in 2011.”

ENDS

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Notes to editors

  • The IoD (Institute of Directors) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with upwards of 45,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum – from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.
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  • In addition, the IoD provides an effective voice to represent the interests of its members to government and key opinion-formers at the highest levels. These include ministers, constituency MPs, Select Committee members and senior civil servants. IoD policies and views are actively promoted to the national, regional and trade media.
  • For further information, visit our website: www.iod.com
  • You can also keep up to date with the latest views from the IoD on twitter.com/The_IoD and at blogs.iod.com