Monday, January 25, 2010
Blimey, the BBC reporting more than spin ? Surely not..
The impact of the recession on unemployment is deeper than headline figures suggest, a report suggests. The Chartered Institute of Personnel and Development (CIPD) say that 1.3 million people were made redundant during the recession. The study says that is double the fall in employment and equivalent to 4.4% of people in work before the downturn. It also says that two-thirds of people made redundant were paid 28% less when they managed to find another job. The report also highlights the difficulty of getting full-time employment. It says that there were 6.2 million fresh claims for jobseeker's allowance between April 2008 and November 2009. That is seven-and-a-half times the rise in the unemployment claimant count during the recession.