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14 October 2015

Jobs market continues to perform, but challenges lie ahead, says FSB

FSB Comment

Issue date: Wednesday 14 October 2015

Jobs market continues to perform, but challenges lie ahead, says FSB

Commenting on the latest UK jobs numbers which show that 140,000 more people were in work and 79,000 fewer people unemployed in the period June to August 2015 compared to the period March to May, John Allan, FSB National Chairman, said:

“Today’s figures show a jobs market that continues to perform well, with welcome growth in the number of full time employees and further falls in unemployment this
quarter.

“While hiring growth appears to have picked up again compared to a slowdown in the first half of this year, members are aware of the challenges around the corner. Recent
FSB research has found that although small businesses continue to increase headcounts, their confidence is not as strong as in previous quarters.

“This may partly be down to a range of upcoming policy changes: the higher than
expected minimum wage increases; auto-enrolment deadlines; and changes to how
dividends are taxed. These three key changes which will create challenges particularly
for business owners on modest incomes.”

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