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UK unemployment 'to keep rising'

posted : MONDAY, 2ND NOVEMBER 2009 16:48:28 GMT comments : 18
- Search: unemployment keep rising UK

Unemployment in the UK is set to hit 2.75 million by November next year
Unemployment in the UK is set to hit 2.75 million by November next year

Unemployment in the UK is set to hit 2.75 million by November next year as the economic recovery fails to boost the jobs market, research has claimed.

The figure estimated by accountants BDO represents a considerable increase from the 2.47 million people who are currently out of work.

The group said that after falling for several months, its employment index had levelled off at 93.6 in October, virtually unchanged from the previous month.

It said this suggested firms were holding on to staff in readiness for the recovery. But it warned that the flipside of this was that with private sector companies retaining existing staff, there was unlikely to be a boom in recruitment when the upturn took hold.

At the same time, public sector employment levels are set to start falling as the Government is forced to introduce cost cuts, leading to further increases in unemployment in late 2010 and beyond, it said.

The group added that its output index suggested that a strong upturn may still be some way off, as groups failed to grow their order books.

Peter Hemington, partner at BDO, said: "Britain's bosses will have difficult decisions to make when the upturn arrives, including continuing to take a close look at their workforces.

"Many companies have done their utmost to hold on to staff, so they are unlikely to be advertising for new recruits even when demand increases. Unfortunately there will be no silver bullet for unemployment when recovery does arrive."

Meanwhile, separate research showed that small and medium-sized companies are feeling their most optimistic since April 2007 following signs that demand for their goods may be stabilising.

Four out of 10 of the firms reported a decline in new orders during the three months to the end of October, but 24% said they had seen a rise, according to the Confederation of British Industry.

    1 - 10
    PhilD
    Tuesday, 3 November 2009 08:00:15 GMT

    This recession is going to be worse than the recession of the 80's as I fell victim to it then when completing an apprenticeship and could not find work and ended up on the dole for 3 years, it is going to be worse this time round as the population has increased considerably since then and it looks as if I may have to go through it again only the excuse this time is I am too old rather than inexperienced.

    cj
    Monday, 2 November 2009 22:21:32 GMT

    one of mine has just completed three years at college, applied for every job available, even the ones he is over qualified for and most employers dont even reply. as for jsa, thats a joke we were forced to have extended child benefit for the summer holidays , when he went to the social security he waited eight weeks and numerous phone calls was finally told his papers were 'missing' and he would have to fill in duplicates and now he has been told another thre to five weeks for it to be sorted. we have had seven weeks of child benefit to keep a nineteen year old on for sixteen weeks, just wonder how many more are struggling with the same problem.

    jase
    Monday, 2 November 2009 22:14:31 GMT

    For some strage reason the good ole british seem to like siting back and watching our goverment and blagger's in this country take the piss out of the HARDWORKING!

    johnny boy
    Monday, 2 November 2009 20:54:35 GMT

    as regards unemployment it is an unfortunate fact that during a recession there will be less jobs available it would perhaps help matters if our unelected prime minister put his money,assuming he had any.whre his mouth is and indeed stood up for british jobs for british workers and while at it british benefit for british citizens and not give child benefit for polish children living in poland

    Had Enough
    Monday, 2 November 2009 18:44:01 GMT

    Only some serious rioting will deliver for the unemployed what jobcentres and A4TE can't . The problem with people in this country is they are to passive so the elite takes them for grantred, the elite needs a scare to come to its senses.

    wally dolite
    Monday, 2 November 2009 18:17:47 GMT

    if they say there will be 2.7 next november then that is the amount that will be reportedwhoheep,or that will be the amount reported by kicking people off benefits for spurious reasons. get it?

    WhoHeep
    Monday, 2 November 2009 16:34:29 GMT

    Why do ecomonists think they know when unemployment is going reach 2.7 million? They, along with that damn prime minister, were saying a few weeks ago that we are going to be out of recession, but guess what? We are still in recession, so how can they predict when unemployment is going to hit 2.7 million.

    BLP (British Liberation Party )
    Monday, 2 November 2009 16:18:12 GMT

    This is just the begining. The unemployment rate is going to rise to a much higher level and will stay high for a forseable future. Many unemployed individuals are going to stay unemployed for years and the situation is not going to change. This is because we have some fundamental issues that we need to address in this country. There is also the problem of political accountability in relation to our corrupt political parties and that includes both the Labour and the Conservative. The people of this country are tired of watching the good cop bad cop in their parliament. We need to see some serious changes in the political establishment of our country.

    ann
    Monday, 2 November 2009 15:13:41 GMT

    i wonder why ??? what do you expect from labour

    Paul O
    Monday, 2 November 2009 15:01:22 GMT

    BillybobJust wread your post, believe me this Eastern Europeans thing is happening to people all the time, I think that your friend blew her chances of getting the dole as she resigned from her job, (the dole now class this as making yourself unemployed and won't pay you JSA). probably they payed her initialy but checked up with her employer and found she had resigned. So it realy doesn't pay to take a job with a bad employer becouse now you can not leave short of being layed off. I had a mate who is a skilled tradesman he left his job to start a better job, but it fell through the day he was meant to start he tried his old employer but he had been already replaced, he then took a stop gap job in a factory but they found from his old employer he had left so they sacked him for not telling them this, then he tried to claim dole they refused him becouse he had left volunterilly in their eyes

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