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Happy New Year - or not, as unemployment levels are predicted to rise...

03 January 2012 #Employment

Those thinking that 2012 will bring them increased fortune in the search for a job face disappointment if latest forecast from the Chartered Institute of Personnel and Development (CIPD) proves to be correct.

According to the CIPD’s Annual Barometer, 8.8% of the UK’s population will be unemployed by the end of 2012, a total of 2.85million people. They expect this figure to rise to 2.9 million in early 2013, when at last it may start to creep back down.

Dr John Philpott, Chief Economic Adviser for CIPD, commented: “As long as there is a relatively benign outcome to the eurozone crisis we expect the 2012 jobs recession to be milder than that suffered in 2008-9. But unemployment in the coming year will be rising from a much higher starting point, so the UK jobs market in 2012 will be weaker than at any time since the recession of the early 1990s.

“The combination of worsening job shortages for people without work, mounting job insecurity and a further fall in real earnings for those in work may test the resilience and resolve of the UK workforce far more than it did in the recession of 2008-9, and foster a tetchy ‘passive-aggressive’ mood in many workplaces that could prove very hard to manage.”

For more on this story, please click here.

Clarkslegal, specialist Employment lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Employment matter please contact Clarkslegal's employment team by email at by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.
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