British jobs market still deteriorating

first_img British jobs market still deteriorating whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content Sharecenter_img whatsapp Show Comments ▼ FURTHER signs of a deteriorating jobs market emerged yesterday, intensifying fears of a second wave of rising unemployment as a leading report showed that the private sector could lose 500,000 jobs as a result of government cuts. Official data showed that the number of people claiming Job Seeker’s Allowance last month rose by 5,300 to 1.47m and August’s increase was revised up to 3,800. Although the broader ILO measure revealed unemployment continuing to fall in the three months to August, it was the smallest quarterly drop since January and was driven by fewer unemployed 16 and 17-year-olds.While the August decrease saw the jobless rate edge down to 7.7 per cent, many City economists forecast that the rate could head back up to more than eight per cent over the next year as public sector cuts begin to really bite. The Office for Budgetary Responsibility (OBR) has estimated that 600,000 public sector jobs could be lost as a result of government cuts.Economists think it unlikely that the private sector will be able to offset rising public sector unemployment. “These increases in unemployment come before any of the planned public spending cuts have been implemented. Business survey data continues to suggest that the private sector is wary of hiring in the current climate of uncertainty,” said Andrew Goodwin at the Ernst & Young Item Club.A report yesterday from PricewaterhouseCoopers (PwC) said that austerity measures could also hurt the private sector, as firms supplying the government will cut jobs and output. The report said the private sector could lose almost half a million jobs and £46bn in annual gross output by 2014-2015 as efforts to slash a budget deficit hit the supply chain. Wednesday 13 October 2010 8:03 pm Tags: NULLlast_img

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