Labour market will continue to weaken

Labour Market Outlook: Chartered Institute of Personnel and Development

  • The labour market will continue to weaken in the first quarter of 2012
  • Quarterly employment intentions have fallen to their lowest level since the recession
  • The  net employment balance score (that is, the overall effect of recruiting new staff and making redundancies) has fallen from –3 to –8 since the autumn 2011 quarter, primarily reflecting a further fall in confidence in the private sector
  • This is the worst net employment balance score since the recession began
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