Jobs market holds strong

22-04-2008

Jobs market holds strong
The employment market remains buoyant despite the struggling economy following the credit crunch, the Office for National Statistics (ONS) has said.

According to official labour market statistics from the ONS, there was an increase in the number of people in jobs and there was also a rise in the number of job vacancies in the three months up until February, Online Recruitment reports.

A fall in the number of unemployed and fewer redundancies were also recorded by the ONS.

John Philpott, chief economist at the Chartered Institute of Personnel and Development (CIPD), stated that other surveys had shown a less positive outlook for the employment market.

"Indeed, the official jobs statistics paint a far rosier picture of the state of the labour market than independent surveys, including those conducted regularly by the CIPD and KPMG," he said.

He added that the jobs market is not matching the uncertainty seen in the economy.

Last week, the Centre for Economic and Business Research increased its estimation of the number of jobs that will be cut in the City this year, noting that the credit crunch had been more persistent than first thought.

Related categories: HR / Recruitment.


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