Uplift in the Manufacturing Sector Countered with Grim News in Financial Services is "Another Indication of the Rebalancing Going On in the Employment Market," Says Jesse Young, CEO of Per DM
Per DM Group's CEO Jesse Young reads this indicator as a "reason to be optimistic but not to get carried away."

CHESTER, ENGLAND, October 07, 2011 /24-7PressRelease/ -- The highly respected Markit Purchasing Managers Index has recently brought a glimmer of good news to the UK manufacturing industry with a report that factory gate output: "for the first time in three months during September, hitting 51.1, compared with 49.4 in August." Per DM Group's CEO Jesse Young reads this indicator as a "reason to be optimistic but not to get carried away."

"When you counter this good news with the problems in financial services we are looking at a rebalancing of our employment market," said Jesse Young. "We at Per DM have seen a flow of applicants previously employed in financial services seeking new opportunities within our group."

With Management Today reporting: "that a survey of 84 leading employers in the sector by the CBI and PwC suggests as many as 8,000 jobs could be lost in finance over the next three months." Is there not any cause for concern as, according to their calculations, PerDM estimate that this will bring the loss of jobs in the financial sector to over 90,000 since 2008?

"Previously we had come to expect that the UK's most successful post war industry was impervious to the global economic woes," said the Per DM Group CEO. "After all it had ridden all previous recessions and had come out relatively unscathed. In fact it had led the recovery in some cases," Jesse went on to say.

However all is not bad news. Yesterday's executives are often tomorrow's entrepreneurs. In recession we see break up and fragmentation. Large entities down size and in some cases disappear altogether. "In an economy as diverse and resilient as the UK's we will see a rise in the number of start-ups," believes Jesse Young, PerDM's CEO. "Small aggressive fresh thinking businesses are what determines our future. "

It is clear that the rebalancing we are currently going through has been painful for some and will continue so for longer however this is not anything new. This time around it has hit the overblown financial services sector. There appears to be little sympathy for those who have lost their jobs.

At the Per DM, one of the UK's leading outsource sales groups, Jesse young says: "We welcome all individuals who do seek a different career. One in which they want to have control over their own future. One where their hard work, enterprise and self drive creates genuine rewards."

Two others very interesting press releases from Jesse Young: Per DM.

Press Release Contact Information:

Jesse Young
Blighty Group
CEO
Bretton House
Pulford, Chester
UK CH4 9EP
Voice: +44 (0) 1244 573150
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