A new report has said that UK employers intend to keep hiring more staff for the foreseeable future, with figures higher than before the financial crisis. UK unemployment fell by 102,000 to 1.86 million in the three months to January, with the unemployment rate at 5.7%, according to official figures, with employers’ optimism on hiring more staff “sky high”. However, the report also warned on the static level of British workers’ output per hour and added that productivity hasn’t risen since 2007, which is unique in the post-war period.
Commenting, Peter Hemington, BDO partner, said: "Although employment growth in recent years has been strong, much of this has been in part-time jobs," he said.
"Productivity ultimately determines our prosperity so it is a crucial area that must be addressed. Policy makers of all persuasions must take on this productivity puzzle".
