Britain Creates Jobs Faster Than America.

29th October 2012

We came across an interesting article from MailOnline recently, which details the surprising fact that Britain are creating jobs faster than the United States. It also points out that we may be exiting the recession as a result of the Summer of Sport. Below, we have summarised accordingly.

Britain is currently suffering from the toughest and most extended double-dip recession since the Second World War. But this may all be about to change with the total number of workers rising by 1.75% these past 12 months, whilst the United States only managed 1.37%. The United Kingdom has seen over half a million jobs filled in 2012, but that bright statistic is tinged by the fact that almost 1.5 million are in part-time employment and are unable to find full-time work.

A total of 29.59 million Britons are now in work, which is the highest ever recorded since records began in the early 1970s. It is an enlightening thought when we all see what’s happening on the continent, in Spain, Greece and Italy with the Eurozone crisis. Their 25% unemployment figures are shocking to behold.

Markit, financial data expert, made comments about the expected rebound of GDP in the third quarter of 2012, citing the Olympics and fewer bank holidays to have been contributing factors to the trend. Consumer confidence is said to have risen, but experts are now looking forlornly to the higher energy bills of 2013 as potential bumps in the road.

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