Younger workers 'unaffected by recession'

Younger workers managed to avoid the impact of the economic downturn on the employment market and have actually reported a rise in placements since 2008, the latest report suggests.

Data published by the Chartered Institute of Personnel and Development (CIPD) shows that the number of people aged 25 to 34 who are in work has increased by 249,000 (over the last four years, or four per cent).

Older female workers also felt little impact from the recession, with 271,000 more women aged 50 to 64 in the labour market now than at the start of the recession, equivalent to eight per cent more workers.

Commenting on the report, Dr John Philpott, chief economic adviser at the CIPD, said it is therefore "vital" that the relative fortunes of old and young people during the jobs recession is used to stimulate discussion about how best to improve employment prospects overall.

He added that this will "avoid pointless and unnecessary talk of an intergenerational jobs war" and help to continue pushing the jobs market in the right direction.

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Posted by Nikki Barrister

Source: The Sales Executive News