New Jobs in the UK? Yes, but there’s a Catch

Latest stats released this week by the UK-centric CIPD (the 130,000-strong Chartered Institute of Personnel and Development) cite increased confidence in the labour market over there. A total of 155,000 new jobs were registered in the last quarter.

However, the unemployed pool isn’t shrinking, in part because population growth brings new job seekers in as fast as new hires take them out.

Youth unemployment remains high, echoing another recent survey — the OECD Skills Survey — which repeats that the UK needs to raise its skill levels to remain competitive.

So no surprises here.