CIPD: We're not out of the woods yet!
The UK labour market remains in an “extremely fragile state”, with the unemployment situation likely to get worse before it gets better, an expert has warned.
Figures released by the Office of National Statistics showed that total unemployment fell for a second consecutive month, albeit by a meagre 3,000 people, for the three months to December, bringing the jobless total to 2.46 million or 7.8% of the workforce.
But the number of people in some kind of employment fell by 12,000, while those in full-time work plummeted by 37,000. Numbers of part-time staff jumped by 25,000, with just over a million people finding themselves unable to get a full-time job – the highest figure since such records began in 1992.
There was likewise a rise of 70,000 in the number of workers in temporary employment, bringing the total to 1.434 million, while the number of economically inactive people jumped by 72,000, due mainly to an increase in the number of students looking to education to avoid the dole.
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