1910 GMT
London
Wednesday
30 December 2009
Editor © Muhammad Haque
KHOODEELAAR! No to 'Big Business agenda CrossRail.....scam.....' CAMPAIGN rejects UK daft DfT-fronter Andrew Adonis peddling the lie that 'thousands of jobs' are being created Crossrail. We nailed the lie years ago., and the latest version of that same lie is hereby and herewith rejected totally. We shall be showing why we call the ‘Crossrail –jobs-creation’ plug a lie. We shall also update our exposure the ethnicity-linked perpetration of that lie. That perpetration has again occurred by the East London IDIOTISER...
[To be continued]
http://www.freshbusinessthinking.com/news.php?NID=2967&Title=UK+Economy+To+Shed+A+Further+250%2C000+Jobs+Before+Unemployment+Peaks
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London
Wednesday
30 December 2009
Editor © Muhammad Haque
KHOODEELAAR! No to 'Big Business agenda CrossRail.....scam.....' CAMPAIGN rejects UK daft DfT-fronter Andrew Adonis peddling the lie that 'thousands of jobs' are being created Crossrail. We nailed the lie years ago., and the latest version of that same lie is hereby and herewith rejected totally. We shall be showing why we call the ‘Crossrail –jobs-creation’ plug a lie. We shall also update our exposure the ethnicity-linked perpetration of that lie. That perpetration has again occurred by the East London IDIOTISER...
[To be continued]
http://www.freshbusinessthinking.com/news.php?NID=2967&Title=UK+Economy+To+Shed+A+Further+250%2C000+Jobs+Before+Unemployment+Peaks
UK Economy To Shed A Further 250,000 Jobs Before Unemployment Peaks
30/12/2009
By Lea Pachta
In its annual employment Barometer Report for 2010, the Chartered Institute of Personnel and Development (CIPD) forecasts that the coming year will bebetter for jobs than 2009, but unemployment will continue to rise until at least the summer and there will be below inflation pay increases for most people in work.
Although 2009 saw fewer than expected job losses, the CIPD warns of a sting in the tail of the recession with a winter rise in redundancies as employers assess prospects for the economy in the coming year and decide that they will need to raise productivity and reduce labour costs. The CIPD's baseline forecast is that the number of people in work will fall by 250,000 between the third quarter of 2009 and the second quarter of 2010, with unemployment rising to a peak at 2.8 million next summer. This, however, represents a marked improvement on the CIPD's mid-2009 forecast thatunemployment would peak at 3.2 million.
Pay squeeze needed to contain rise in unemployment
Dr John Philpott, Chief Economic Adviser to the CIPD, said the 2010 baseline forecast assumes the economy recovers in line with current market expectations and that the rate of growth in average earnings picks up to no more than 2%:
"Given the likelihood of a rise in price inflation to at least 3% in 2010 on the RPI measure, our forecast implies a squeeze on real pay next year. This could be difficult to deliver following a recession during which many private sector employees have experienced pay freezes or pay cuts. A slower than expected recovery or stronger earnings growth would threaten to raise peak unemployment to at least 3 million."
Impact of tighter fiscal policy
The CIPD baseline forecast also assumes that tax and public spending announcements in the... continued on page two >
In its annual employment Barometer Report for 2010, the Chartered Institute of Personnel and Development (CIPD) forecasts that the coming year will bebetter for jobs than 2009, but unemployment will continue to rise until at least the summer and there will be below inflation pay increases for most people in work.
Although 2009 saw fewer than expected job losses, the CIPD warns of a sting in the tail of the recession with a winter rise in redundancies as employers assess prospects for the economy in the coming year and decide that they will need to raise productivity and reduce labour costs. The CIPD's baseline forecast is that the number of people in work will fall by 250,000 between the third quarter of 2009 and the second quarter of 2010, with unemployment rising to a peak at 2.8 million next summer. This, however, represents a marked improvement on the CIPD's mid-2009 forecast thatunemployment would peak at 3.2 million.
Pay squeeze needed to contain rise in unemployment
Dr John Philpott, Chief Economic Adviser to the CIPD, said the 2010 baseline forecast assumes the economy recovers in line with current market expectations and that the rate of growth in average earnings picks up to no more than 2%:
"Given the likelihood of a rise in price inflation to at least 3% in 2010 on the RPI measure, our forecast implies a squeeze on real pay next year. This could be difficult to deliver following a recession during which many private sector employees have experienced pay freezes or pay cuts. A slower than expected recovery or stronger earnings growth would threaten to raise peak unemployment to at least 3 million."
Impact of tighter fiscal policy
The CIPD baseline forecast also assumes that tax and public spending announcements in the... continued on page two >
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UK Economy To Shed A Further 250,000 Jobs Before Unemployment Peaks
30/12/2009
By Lea Pachta
In its annual employment Barometer Report for 2010, the Chartered Institute of Personnel and Development (CIPD) forecasts that the coming year will bebetter for jobs than 2009, but unemployment will continue to rise until at least the summer and there will be below inflation pay increases for most people in work.
Although 2009 saw fewer than expected job losses, the CIPD warns of a sting in the tail of the recession with a winter rise in redundancies as employers assess prospects for the economy in the coming year and decide that they will need to raise productivity and reduce labour costs. The CIPD's baseline forecast is that the number of people in work will fall by 250,000 between the third quarter of 2009 and the second quarter of 2010, with unemployment rising to a peak at 2.8 million next summer. This, however, represents a marked improvement on the CIPD's mid-2009 forecast thatunemployment would peak at 3.2 million.
Pay squeeze needed to contain rise in unemployment
Dr John Philpott, Chief Economic Adviser to the CIPD, said the 2010 baseline forecast assumes the economy recovers in line with current market expectations and that the rate of growth in average earnings picks up to no more than 2%:
"Given the likelihood of a rise in price inflation to at least 3% in 2010 on the RPI measure, our forecast implies a squeeze on real pay next year. This could be difficult to deliver following a recession during which many private sector employees have experienced pay freezes or pay cuts. A slower than expected recovery or stronger earnings growth would threaten to raise peak unemployment to at least 3 million."
Impact of tighter fiscal policy
The CIPD baseline forecast also assumes that tax and public spending announcements in the... continued on page two >
In its annual employment Barometer Report for 2010, the Chartered Institute of Personnel and Development (CIPD) forecasts that the coming year will bebetter for jobs than 2009, but unemployment will continue to rise until at least the summer and there will be below inflation pay increases for most people in work.
Although 2009 saw fewer than expected job losses, the CIPD warns of a sting in the tail of the recession with a winter rise in redundancies as employers assess prospects for the economy in the coming year and decide that they will need to raise productivity and reduce labour costs. The CIPD's baseline forecast is that the number of people in work will fall by 250,000 between the third quarter of 2009 and the second quarter of 2010, with unemployment rising to a peak at 2.8 million next summer. This, however, represents a marked improvement on the CIPD's mid-2009 forecast thatunemployment would peak at 3.2 million.
Pay squeeze needed to contain rise in unemployment
Dr John Philpott, Chief Economic Adviser to the CIPD, said the 2010 baseline forecast assumes the economy recovers in line with current market expectations and that the rate of growth in average earnings picks up to no more than 2%:
"Given the likelihood of a rise in price inflation to at least 3% in 2010 on the RPI measure, our forecast implies a squeeze on real pay next year. This could be difficult to deliver following a recession during which many private sector employees have experienced pay freezes or pay cuts. A slower than expected recovery or stronger earnings growth would threaten to raise peak unemployment to at least 3 million."
Impact of tighter fiscal policy
The CIPD baseline forecast also assumes that tax and public spending announcements in the... continued on page two >
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