According to the Manpower’s poll of 2,100 employers, the UK jobs outlook has worsened. Four out of five employers said that they had no plans to hire workers during the next three month. The official unemployment statistics was expected to perform another rise on Wednesday, but the mentioned survey comes ahead.
Big Regional Variations Were Found By The Manpower’s Poll
Big regional variations were found by Manpower. Employers in the West were hiring less than those in the East of England. The survey found that employers in the North West had a -5pc rating, while those in the North East were the most optimistic with +10pc rating. A positive number means more employers desire to increase rather that decrease their employees. A flat rating was produced down from +1pc to 0pc by the survey nationally, meaning no rise in employment during the quarter.
2012 Jobs Market Is On The Verge – Employment Needs To Increase
Generally, in order to stave the rising unemployment off, employment needs to increase. The 2012 jobs market is on the verge and this is a reflection of a weakening economy in some ways, said Manpower’s managing director, Mark Cahill. Employers are wary about the current economy and adopt a wait-and-see attitude to hiring. The fear of euro-wide contagion is stuck in their minds heavily. Markets are likely to blame agreed at last week’s EU summit measures as it is too late to solve the euro zone debt crisis. According to the government, main UK trading partner is the single 17-country currency zone and almost 3 million jobs are contingent on trade with Europe.
Business And Financial Services Category Drive The Stagnancy
According to Manpower’s poll, the stagnancy in the jobs market is brought by the business and financial services category. Employment expectations in this sector are flat, as the survey showed, while the previous had found intense hiring pursuits during 2011. Retail, construction and hotels also saw small falls. However, electricity, water and gas companies were likely to bring on new employees, with a +13pc rating.
Nevertheless, the survey points out that across the UK there are hundreds of thousands of vacancies, still there are a lot of unemployed Britons, who even has no opportunity to apply for payday loans UK.