Job vacancies ‘on the rise’

Britons who are unemployed and living under the threat of debt may be cheered by the news that a small rise in the number of employment opportunities has been seen.

The latest figures from the Office for National Statistics reveal that, for the three months to November, vacancies totalled 432,000, a climb on the records of the previous quarter.

Furthermore, the number of people with jobs has increased by 53,000 for the quarter, reaching 28.93 million.

Despite this, however, the employment rate for August to October remained the same as the last three-month period, at 72.5 per cent.

And the number of people out of work for longer than a year rose by 49,000 to hit 620,000 – the highest amount since November 1997.

Such statistics may go some way in changing the country’s attitudes towards their finances and debt, an industry expert recently remarked.

The Centre for Economics and Business Research’s Charles Davis stated that the risk of redundancy may make people “more cautious” with their money.

By Sarah Adie

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