MSG Marketing comments on UK unemployment increasing to 2.62million

UK unemployment soared by 129,000 in three months. End Quote

(1888PressRelease) February 01, 2012 - Youth unemployment rose above a million the jobless total for 16 to 24-year-olds hit a record of 1.02 million and female unemployment was at its highest for 23 years. The Office for National Statistics (ONS) said the jobless rate hit 8.3%. The number of people out of work and claiming Jobseeker's Allowance rose by 5,300 to 1.6 million in October. The Managing Director of MSG Marketing, a company that is rapidly expanding due to client demand has commented on this, saying, "The unemployment rate is climbing more and more every day and is showing no signs of slowing down, nowadays job opportunities are like gold dust - However we at MSG Marketing view ourselves as recession proof simply because we are constantly expanding"

There were slightly fewer redundancies in the three months to September than in the previous three months. But record youth unemployment and the highest overall unemployment level since 1994 speak for themselves. The unemployment rate of 8.3% is the highest since 1996 and the total number of unemployed people the highest since 1994.The number of women out of work increased by 43,000 to 1.09 million, the highest level since February 1988. "These figures show just how much our economy is being affected by the crisis in the eurozone," said Employment Minister Chris Grayling. A source from MSG Marketing, a fast growing, progressing and developing marketing company described these figures as "out of control"

The Managing Director of MSG Marketing has commented further on the article saying "Most companies slow down around and after Christmas, but the future has never looked brighter for us at MSG Marketing and 2012 is going to be very exciting!

SOURCE: http://www.bbc.co.uk/news/business-15747103

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