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U.K.'s Recovery Alone Won't Solve Structural Problems In Labor Market: CBI

The economic recovery alone will not solve the deep-seated structural problems in the U.K. labor market, the Confederation of British Industry (CBI) said Monday.

The CBI analysis showed that a long period of growth before the recession masked entrenched problems in the labor market.

Projections indicate that labor market divisions will deepen as the recovery continues, with highly-skilled workers expected to be most in demand in London and the South East, compared with the North East and West Midlands.

In the report named Mapping the route to growth: rebalancing employment, the business lobby said it expects unemployment, which is currently at 2.46 million, to continue to rise through this year, peaking around 2.6 million, before edging lower next year.

The report sets out the complexity of the unemployment problem, which is linked to many factors like skills, local economic performance, welfare dependency, educational achievement and infrastructure.

John Cridland, CBI Director-General urged the British government to focus on tackling the structural jobs deficit.

by RTT Staff Writer

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