• From The BBC:

    The pace of deterioration in the UK job market is slowing but the number of public sector employers expecting to cut staff has risen, a survey suggests.Ten per cent more employers planned to cut staff in the three months from June than recruit, the Chartered Institute of Personnel and Development found. But that was better than the previous three months, when the balance was 19%. The report still concludes unemployment will hit 3.2 million in 2010. Official jobless data is due out on Wednesday. The figure for the private sector was particularly strong, with the balance of firms cutting over those recruiting shrinking from 30% to 2%. But the public sector has gone in the opposite direction, with the figure growing from 3% to 28%, with cuts in some areas of public spending anticipated. John Philpott, chief economist at the CIPD, said local authorities were coming under financial pressure.
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    Posted by Jon @ 3:50 pm

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