HRreview Header

Small increase in unemployment expected

Unemployment is not expected to rise muchAs the recession rumbles on, a rise in the number of people currently unemployed has been predicted.

However, it is expected this quarterly increase in joblessness will be the smallest since spring 2008, with the Office for National Statistics suggesting the number of people claiming Jobseeker’s allowance has fallen.

Furthermore, there has been a rise in the number of available job vacancies over the past three months.

Last quarter, the employment rate remained unchanged at 72.5 per cent and it is believed between October and December this will have risen to some 2.5 million.

The Press Association reports that given the recession, analysts believe this growth has in fact been subdued.

The Financial Times recently reported HR teams have been doing their best to avoid redundancies during the recession.

Indeed, research by Incomes Data Services revealed 23 per cent of HR departments have increased their workforce, while 42 per cent have maintained their numbers.

Europe2010 Page Banner

Share

Latest News

Latest Analysis

Related Articles

Richard Branson on Prioritising People Over Profit

“Clients do not come first. Employees come first. If you take care of your...

European workers ‘fear negative impact’ of US corporate culture in the workplace

Employees across Europe are voicing unease over the growing influence of American workplace culture within their organisations.

New pension reform to consolidate small pots and cut admin burden

The UK government announced a new policy to help workers keep track of their retirement savings by consolidating small pension pots.

UK professionals take on extra work as side hustles ‘extend weekly hours’

A growing number of UK professionals are extending their working week as side hustles become increasingly common.