Unemployment heading toward 3m, warns study
UK JOBSEEKERS face the worst labour market environment since early 2009, according to a study from the Chartered Institute for Personnel (CIPD), published yesterday.
A net balance of eight per cent of firms are set to cut headcount, the group’s survey showed, which is expected to take unemployment up to 2.85m by the end of the year.
Meanwhile the Trades Union Congress today argued that the government should take more note of the “U6” measure of unemployment, which takes into account discouraged workers who have given up seeking jobs, and those who are “underemployed,” taking part time work when they would prefer full time jobs.
On this measure, the TUC estimated, unemployment stands at 6.3m – its highest level since records began in April 1993, and well above the official level of 2.68m or the claimant count, which stands at 1.6m.