UK Jobs to Stall

Recovery in the jobs market will “stall” this year as demand for workers in the public sector falls, new research has warned.

According to the Chartered Institute of Personnel and Development (CIPD), a third of employers expect to cut jobs in the next three months.

The public sector employers in particular are planning cuts, with 36% of them looking to lose staff.

The size of the cuts being considered has also increased, the CIPD said.

Across all sectors employers are expecting to make an average of 5.5% of their workforces redundant, the survey of 600 companies suggests, up from the 3.6% average cut being considered three months ago.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell