Pent Up Posted August 9, 2010 Share Posted August 9, 2010 http://www.guardian.co.uk/business/2010/aug/09/unemployment-and-employment-statistics-recession Job cuts are expected across public and private sectors, dashing hopes firms might step in to offset the effects of government austerity measures. More evidence of the jobless recovery. Quote Link to comment Share on other sites More sharing options...
Tin Foil Hat Posted August 9, 2010 Share Posted August 9, 2010 Another obvious one. Round our offices there are 2 cafes, 2 newsagents, 2 coffee shops and a few sandwich places. When they nobble the public sector I'd expect half to close as they depend heavily on the public sector offices there. This cascade will be seen all over I'd hazard a guess. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 9, 2010 Author Share Posted August 9, 2010 Another obvious one. Round our offices there are 2 cafes, 2 newsagents, 2 coffee shops and a few sandwich places. When they nobble the public sector I'd expect half to close as they depend heavily on the public sector offices there. This cascade will be seen all over I'd hazard a guess. Yep a mate of mine works for a company fabricating shop fronts and windows. Lately all they have been doing is school projects but it has slowed right down now. He keeps saying he expects to be out of a job by next year. Quote Link to comment Share on other sites More sharing options...
Meat Puppet Posted August 9, 2010 Share Posted August 9, 2010 Another obvious one. Round our offices there are 2 cafes, 2 newsagents, 2 coffee shops and a few sandwich places. When they nobble the public sector I'd expect half to close as they depend heavily on the public sector offices there. This cascade will be seen all over I'd hazard a guess. Cascade is the perfect term for what will happen. Osborne's projected growth rates look like pure fantasy and I expect that private sector employment numbers will continue to be weak. In the US jobless claims have already bottomed for the cycle (at a very high level) and the same will happen here with JSA claimants by the end of the year. Quote Link to comment Share on other sites More sharing options...
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