Equity release news: Employment figures 'still worrying'
16-02-2012 11:00
Trade Union Congress general secretary Brendan Barber has warned the government needs to acknowledge there is a "job crisis" and take "real action" to boost economic growth.
With the latest figures from the Office for National Statistics (ONS) revealing one in three jobseekers have been looking for work for more than a year, individuals may be forced to look for other means of income.
People who manage to secure part-time employment may consider equity home loans as a way of subsidising their finances, as Mr Barber claimed working short hours for low pay is not viable in the long-term.
"The government's mantra that there are 'plenty of jobs out there' just doesn't ring true," he stated, adding that there are around six unemployed people for every vacancy.
Data compiled by the ONS revealed the employment rate for those aged between 16 and 64 rose 0.1 per cent to 70.3 per cent in the three months from October to December 2011.
Ashall Glover Financial Services home income plan advisers
Posted by Louise Tilston
