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Jobs market faces a slow, painful contraction
Graham_Devon
Posts: 58,560 Forumite
Not good news at all unfortunately.
No doubt the response will be to drag it out even more. I have to say, even Tony Blair had an epiphany on the Andrew Marr show, but I guess he can be sensible now as he's not searching for votes. He stated anything we should have done before, we now have to do even more of today because the problem is bigger. I..e the longer you hold off, the worse it gets.
It's happening right now in the jobs market. Lack of confidence, lack of action just extends the pain.
http://www.bbc.co.uk/news/business-15715460
No doubt the response will be to drag it out even more. I have to say, even Tony Blair had an epiphany on the Andrew Marr show, but I guess he can be sensible now as he's not searching for votes. He stated anything we should have done before, we now have to do even more of today because the problem is bigger. I..e the longer you hold off, the worse it gets.
It's happening right now in the jobs market. Lack of confidence, lack of action just extends the pain.
The UK labour market faces a "slow, painful contraction" with firms delaying recruitment of more staff, a key report suggests.
The Chartered Institute of Personnel and Development (CIPD) predicted the jobs market would worsen in the medium term amid global economic "turmoil".
Its quarterly survey of 1,000 employers found firms' future hiring plans dwarfed by likely public sector losses.
It found employers adopting a "wait and see" policy towards the economy.
This involved reduced recruitment as well as fewer redundancies.
The number of UK employers planning to outsource work overseas or hire migrant workers had also fallen substantially in the last three months, the survey found.
The CIPD said the employment situation could worsen if the eurozone crisis thrust the world back into recession.
http://www.bbc.co.uk/news/business-15715460
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As I've said many times in the past, IMHO it was always going to be a largely "jobless" recovery anyway, if and when it came. Therefore, as we enter into another technical recession (We never left the last one did we really!) it will of course be bad for employment prospects.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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It is not all bad is it?This involved reduced recruitment as well as fewer redundancies.
The number of UK employers planning to outsource work overseas or hire migrant workers had also fallen substantially in the last three months, the survey found.
BTW Blair may not have an election to win but he has a past to defend
Asked if his former chancellor Gordon Brown had been right to push hard for Britain not to go into the euro, when Labour was in power, Mr Blair said: "He was right, although I would also say by the way, I was never in favour of doing it unless the economics were right."
http://www.bbc.co.uk/news/uk-politics-15711400'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Does anyone else think its strange that the unemployment number has deviated from the claimant count so much over time.Faith, hope, charity, these three; but the greatest of these is charity.0
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Does anyone else think its strange that the unemployment number has deviated from the claimant count so much over time.
No it's called creative accounting, or it's more appropriate term fiddling the books.0 -
Well if I were to become unemployed I would be able to claim all of 65 quid a week for 6 months which in the scheme of things is hardly worth doing and nothing after the 6 months (it is called being foolish and having savings) so I can quite see why their would be a deviation between the two series.I think....0
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Does anyone else think its strange that the unemployment number has deviated from the claimant count so much over time.
It is all those Baby Boomers cashing in their Final Salary pensions early and then looking for another job, should accelerate with the public sector lay offs, with the 55+ (was 50+) and females bearing the brunt.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It is all those Baby Boomers cashing in their Final Salary pensions early and then looking for another job, should accelerate with the public sector lay offs, with the 55+ (was 50+) and females bearing the brunt.
they all come back three weeks after leaving to do their former jobs as consultants earning three times as much though, so presumably can't be impacting on the figures.0 -
chewmylegoff wrote: »DLA was introduced in 1992...
How strange then, the gap appears to have increased sincy Davy boy took over 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
How strange then, the gap appears to have increased sincy Davy boy took over
That's because when it boils down to it, all politicians are the same.
Speak tough while in opposition, change absolutely nothing when they get power.
The child benefits thing will be the next thing we don't actually do and the next amount of money we don't actually save or cut.0
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