RSS Feed
DIGG this story
UK workers 'more secure in their jobs'
14/03/2007
UK workers are becoming more secure in their jobs, according to the latest research by Lloyds TSB Corporate Markets.
And this confidence is reflected in people's optimism about the general economic situation in the UK, the bank's report finds.
The study indicates that personal job security is at its highest level since July 2005, while there is a more positive attitude regarding the direction of interest rates over the next 12 months.
Furthermore, it is suggested that there are more consumers who believe prices will be lower at this time next year.
Trevor Williams, chief economist at Lloyds TSB Corporate Markets, remarked: "On the back of continuing solid economic growth, consumers are regaining confidence in the security of their jobs and the UK employment market in general.
"Recent unemployment data has also been supportive."
He added that the amount of people claiming jobless benefits has dropped by 34,000 over the past four months.
And this confidence is reflected in people's optimism about the general economic situation in the UK, the bank's report finds.
The study indicates that personal job security is at its highest level since July 2005, while there is a more positive attitude regarding the direction of interest rates over the next 12 months.
Furthermore, it is suggested that there are more consumers who believe prices will be lower at this time next year.
Trevor Williams, chief economist at Lloyds TSB Corporate Markets, remarked: "On the back of continuing solid economic growth, consumers are regaining confidence in the security of their jobs and the UK employment market in general.
"Recent unemployment data has also been supportive."
He added that the amount of people claiming jobless benefits has dropped by 34,000 over the past four months.