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Wednesday, 29 December 2010

Jobs market 'may cope with unemployment rise'

The strong growth in the jobs market in 2010 should be sustained next year and help to offset the impact of predicted job losses, one sector expert has predicted.

John Philpott, chief economic adviser to the Chartered Institute of Personnel and Development, made the comments after new figures released by the CIPD showed that UK unemployment will hit a 17-year high of 2.7 million in 2010.

This will mainly be due to the government's public sector job cuts and the fallout from this, but Mr Philpott said that a relatively strong 2010 for the jobs market, which included hiring in sales recruitment, may help next year.

"If all goes well and the unexpectedly strong progress made in 2010 is sustained, the jobs market will be able to cope with the impact of the coalition government's spending cuts and tax increases without any significant rise in unemployment," he added.

Prospects appear to be improving north of the border, however, as the recent Bank of Scotland Report on Jobs indicated that the number of people gaining job placements in Scotland, including sales recruitment positions, grew last month, driven by a higher demand from employers.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800314736-ADNFCR

Source: The Sales Director News

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