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Unemployment levels 'likely to stabilise or go down'

Unemployment levels 'likely to stabilise or go down'

UK unemployment levels are likely to stabilise at their current level or potentially go down next year because of a skills shortage in the country, one expert has suggested.

Phil Flaxton, chief executive of Work Wise UK, said 35 of the top employers in Britain signed a letter a few weeks ago, which stated that any job losses in the public sector could be absorbed by the private sector, meaning there will be no dramatic rise in the number of people out of work.

He added that the coalition has done as much as it possibly can in trying to offer incentives to businesses to increase staffing levels.

"I'm not sure what else the government can do, bearing in mind we are in a very fragile economy at the moment and there's been lots of talk about a double-dip recession," Mr Flaxton observed.

Figures released by the Office for National Statistics earlier this week showed that employment levels in the last quarter were up 286,000 on the year.

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