Many employers still planning to hire in 2012

The Recruitment & Employment Confederation’s latest monthly report for January has shown that employers, despite some caution, will be looking to increase their workforces over the next 12 months.

Even as unemployment levels have increased and record levels of young people are now out of work, many employers still plan to add to their workforces. In fact, 63% of employers surveyed were expecting to increase their headcount in the short term.

REC seeing positive signs despite unemployment rises

There is still strong demand across many sectors for jobs despite gloomy headlines of record unemployment, particularly amongst the UK’s 16-24 year olds, the Recruitment & Employment Confederation (REC) has reported.

Figures released by the ONS (Office of National Statistics) today showed a rise in unemployment of 129,000 in the UK, taking the total to 2.62 million out of work. There are now a record 1 million 16 to 24-year-olds out of work, with more people claiming benefits.

Unemployment rises but REC still seeing demand for staff

The amount of people unemployed in the UK reached a 17 year high in the three month period up to August, having risen by 114,000, it was reported yesterday.

8.1% of the working population is now without a job in the UK, but it wasn’t all bleak news, according to the Recruitment & Employment Confederation (REC).

It has forecast for unemployment to plateau at a maximum 2.6million mark, which has almost been reached now, due to the resilient nature of the UK’s jobs market.

Bank loan applications by SMEs increasingly unsuccessful

Applications by SMEs for bank loans across Europe are becoming increasingly more likely to be rejected, according to new figures released by Eurostat, the statistical office of the European Union (EU).

The proportion of unsuccessful loan applications rose in 19 of the 20 Member States of the EU between the years 2007 and 2010. Only Sweden saw a reduction in the amount of unsuccessful applications.

Late payment rules to be brought forward

New late payment legislation due to be implemented across the EU in 2013 could be brought forward to 2012 in the UK, as the government coalition looks set to fast track the initiative.

The new regulations would set 30 days as a standard period for both public and private entities to pay invoices. This could be extended to 60 days if suppliers have agreed to give customers time to acknowledge receipt and review the goods or service.