Unemployment Figures Strain On Government Payment Liability

The high unemployment figures as 16th November 2011 in the UK which have reached in addition of 2.60 million. Worrying particularly as many of the unemployed are young between the age of 16-24, which accounts for nearly 1.02 million of the total unemployed figures. Many companies from across most sectors are either not taking on more staff or making redundancies saying they are with the government trying its hardest to help youth unemployment, by introducing apprentice schemes, many say this is not enough.

Some growth areas can be found and tends to be in specialist areas, for instance Broker Houses, Insurance Brokers dealing in Professional Indemnity Insurance & Directors and Officers Insurance, where there has been a growing demand for this type of cover. A spokes woman for Professional Insurance Agents Ltd, Karler Mears, pointed out that the professional financial sectors have started to see more claims of Professional Indemnity and Directors & Officers type policies, and therefore new staff to support the extra demand being received by companies has opened up vacancies, which could help reduce unemployment in our area and location.