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.
CIPD public policy adviser Gerwyn Davies said: “The good news resulting from this lull in business activity is that fewer employers are looking to relocate abroad or make redundancies. The downside is that recruitment intentions are falling, which will make further rises in unemployment therefore seem inevitable given that public sector job losses are outpacing the predictions made by the Office for Budget Responsibility”.
Source: BBC News

The BBc reports that as many as 140,000 disadvantaged two-year-olds could have free nursery places under a scheme planned to be rolled out in England.
A small number of children as young as 12 claimed they drank the equivalent of 19 glasses of wine a week when questioned for a health survey.
Ofsted has warned of “shortcomings” in the safeguarding of babies under the age of one.
Free parenting classes are to be trialled for all parents with children aged five and under in three areas of England, children’s minister Sarah Teather has said.
You often see reports about the so called poverty line which is often defined as a weekly income less than 60% of the national average (excluding the wealthiest members of society).
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