Unemployment figures to rise?

Unemployment figures are likely to rise as a new study has predicted that it will take years for the private sector to create enough jobs to return employment to pre-recession levels.

The research, carried out by the Trades Union Congress (TUC), found that at current rates of job creation it would take between 14 and 20 years for some areas to get back to where they were.

The report also warned that public spending cuts could cause heavy job losses, with the number of workforce jobs falling below 30 million for the first time since the start of 2003.

The union said that it was calling on users of public services and all those worried about the future of the economy to join a campaign for what it sees as a fairer economic strategy that has growth and jobs as its top priorities.

Director of Atlantic Financial Management Kevin Still says, "It is not only the threat of unemployment, but the millions of people that have also had to accept shorter working hours or loss of overtime.

Loss of income remains the top reason for consumers starting a debt solution with Atlantic Financial Management.

Managed debt solutions can offer either a disciplined transitional or long-term approach to getting finances under control without borrowing more."

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