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 Treasury unemployment forecast points to years of slow jobs growth   
The Treasury’s decision to publish a forecast of claimant unemployment in the Pre-Budget Report is a welcome move, according to John Philpott, Chief Economic Adviser at the Chartered Institute of Personnel and Development (CIPD).

But the forecast offers a very sober assessment of the medium-term outlook for the UK jobs market.

"The Treasury has made a bold decision in breaking with Whitehall convention to publish a forecast of claimant unemployment for the period to the end of 2012," he said.

"Ministers are doubtless pleased that unemployment has risen by less than expected during the recession, providing an unanticipated fillip to the beleaguered public finances. But while it now looks as though claimant unemployment will peak at a lower level (around 1.75 million) in 2010 than originally feared, the Treasury forecast offers no sign of a swift return to low unemployment.

"The Treasury reckons there will still be 1.5 million people claiming Jobseeker’s Allowance at the end of 2012, which can be translated into around 2.3 million on the wider survey based measure of unemployment. This is 700,000 more than the pre-recession level of unemployment even after what the Treasury forecasts will be three years of healthy economic recovery.

"The Treasury has provided a very sober forecast of the medium term outlook for the UK labour market. The forecast implies that unemployment will probably remain above 2 million for the first half of the next decade even on what may prove to be an optimistic forecast for economic growth. Unemployment at this level will also act as a tough constraint on pay rises, which are unlikely to outstrip price inflation for some considerable time."
 

White Hope...
This week’s White Paper Building Britain’s Future: Achieving Full Employment (http://www.dwp.gov.uk/docs/building-britains-recovery.pdf ) made a range of helpful commitments which should benefit older workers. Click the link to read it.....
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Treasury unemployment forecast points to years of slow jobs growth
"The Treasury reckons there will still be 1.5 million people claiming Jobseeker’s Allowance at the end of 2012, which can be translated into around 2.3 million on the wider survey based measure of unemployment. This is 700,000 more than the pre-recession level of unemployment even after what the Treasury forecasts will be three years of healthy economic recovery. See main news page for the full story.
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Fastest rise in permanent staff placements for 28 months
The recent upward trends in both permanent and temporary/contract staff appointments continued during November, according to the latest Recruitment and Employment Confederation (REC) and KPMG Report on Jobs. Both permanent staff placements and temporary/contract staff billings increased at faster rates in November, with the latest expansions the strongest for 28 and 19 months respectively.
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Older Workers Are Invaluable To Sales - The Grocer 21/6/08
See the Media Centre Link for the full story.
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Championing Experience - Daily Mail Letter 26/5/08
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