Public funding cuts to “stall” jobs market recovery

9 08 2010

The Chartered Institute of Personnel and Development has warned that the jobs market recovery will “stall” this year due to public sector funding cuts.

The CIPD said that a third of employers expect to cut jobs in the next three months. The figure is at its highest in the public sector, with 36 percent of employers expecting to make redundancies.

While the survey of 600 employers showed the private sector is still hiring new staff, the institute warned that unemployment could rise over the next two years as it was not clear the private sector could make up for widespread public sector job cuts.

More here.

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