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Realistbear

Job Market Still In State Of Collapse

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http://uk.news.yahoo.com/4/20090709/tuk-jo...es-dba1618.html

Job market slump continues

27 mins ago

ITN

The UK job market is continuing to deteriorate as demand falls across all sectors, recruitment firm Hays has warned.

Job market slump continues

It said demand for jobs had fallen further across both the permanent and temporary sectors after a tough past three months.

The group has had to close 15 UK & Ireland offices and slash its own workforce by another 5 per cent in the quarter to June 30, bringing the headcount reduction for the full year to 26 per cent.

Hays said it had seen some signs of stabilisation in the City recruitment market as big banks cherry-pick the best teams after the recent slew of redundancies seen in the financial crisis - but the trend is likely to be a short-term blip.

Unemployment and green shoots, together do not go.

All sectors are affected which suggests this monster recession is widening. Browns temporary fix is not working. You cannot beat the market.

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Anecdotal: I was up on a jaunt to London last week, working for a client who has their Corp HQ in London.

Big industrial. They've moved many of the jobs out of UK in the last 2 years, to other european capitals. Old office had 300 very highly paid execs working there. This new place had 100 or so 8months ago. Now down to about 50 and many were expecting total closure before year end.

That was the execs. On the front line, plenty of cutbacks in the pipeline for 2009-10.

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Anecdotal: I was up on a jaunt to London last week, working for a client who has their Corp HQ in London.

Big industrial. They've moved many of the jobs out of UK in the last 2 years, to other european capitals. Old office had 300 very highly paid execs working there. This new place had 100 or so 8months ago. Now down to about 50 and many were expecting total closure before year end.

That was the execs. On the front line, plenty of cutbacks in the pipeline for 2009-10.

Wise move.

All the evidence suggest the the central bank and govt are wedded to the banks and screw everyone else.

When the fraudsters are running the show for the benefit of the fraudsters get out of dodge, all they are capable of stimulating is bubbles and NOTHING else - extremely bad for any company trying to operate in the real world on an already unlevel playing field..

Edited by OnlyMe

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