Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

World Job Market Showing Signs Of Recovery

Recommended Posts

http://www.guardian.co.uk/business/2009/se...orld-job-market

Britain's employers are reporting improved recruitment plans for the first time in three years, offering a "glimmer of hope" to jobseekers in the run-up to Christmas, according to a survey out today. But employers are hiring older, experienced workers rather than young unemployed people, adding to fears for a "lost generation".

In a survey of 2,100 UK employers, the recruitment specialist Manpower found that 80% of employers anticipated no change in headcount over the next three months, while 9% intended to actively increase numbers. This pushed the UK's net employment outlook up to -2 for the fourth quarter of 2009, from -6 for the third quarter. The figures measure the balance of employers' hiring intentions over their plans to fire people.

Mark Cahill, managing director at Manpower UK, said: "There are a number of early positive hiring indicators emerging, from employers in sectors including finance and business services, public and social, and construction, which suggest we may have reached a turning point."

Manpower said that the UK had similar hiring intentions to France and Germany, despite both countries recently declaring an official end to their recessions. It added that Japan, on the other hand, had a much worse employment outlook than the UK even though its recession has been declared over.

"France, Germany and Japan have already declared themselves officially out of recession. If the UK is to mirror this recovery and retain its position within the global business arena, it is essential that temporary labour, which will provide both job creation and business growth, be embraced by employers," added Cahill.

Ireland and Spain had the worst employment outlooks with a balance of -8. The most positive was India with a net outlook of 25 and Brazil with 21. The US's outlook for the final three months of the year was -3, down from -2 for the third quarter.

Alan Clarke, UK economist at BNP Paribas, said: "The labour market situation is still weak, but the survey provides tentative signs of a more positive direction. The improvement in outlook is consistent with the impressive rebound seen in a number of leading indicators of economic activity in recent months."

The survey found that the transport and communications (-10%), and hotels and restaurants (-7%) sectors were less likely to take on staff. Utilities (+7%) and public and social sectors (+3%), on the other hand, remain in positive hiring territory and are joined by the finance and business services sector (+1%), with positive figures for the first time in five quarters.

West Midlands firms were least optimistic about jobs, while hiring confidence had fallen among employers in London.

However, the survey found that the employment situation in the north-east has improved thanks to significant government investment to create "green" jobs, particularly within the utilities sector.

From the bottom figures it appears that the optimism is generated by govt deficit spending. A sustainable recovery then.

The recovery is here.

Edit to add:

The headline does appear very misleading because in the article it doesn't say anything about jobs in the rest of the world!!!

Edited by interestrateripoff

Share this post


Link to post
Share on other sites
http://www.guardian.co.uk/business/2009/se...orld-job-market

From the bottom figures it appears that the optimism is generated by govt deficit spending. A sustainable recovery then.

The recovery is here.

Edit to add:

The headline does appear very misleading because in the article it doesn't say anything about jobs in the rest of the world!!!

Recruitment agency says jobs market is improving.

Estate agents say housing market is over the worst.

There is a pattern emerging here. :rolleyes:

Share this post


Link to post
Share on other sites

Taxpayer teat jobs.

The handouts are going to the public sector and banking (same thing now) who are then recruiting, presumably more staff to come up with new plans on how to game the rest of the economy and population.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.