Qualified advisers answering your
Financial Questions
call 0800 092 1245

Hays recruitment consultancy warns on UK employment market

The Hays recruitment consultancy has today warned that the UK employment market is going through a difficult time which could become worse in the short to medium term as literally hundreds of thousands of public sector workers face the possibility of redundancy. Earlier this week we reported on news that both temporary and permanent positions in the UK employment market fell during the month of June and were showing signs of further weakness.

After the initial pickup towards the end of 2009 and the beginning of 2010 it seems as though the UK economy may well be falling back a little as we enter a possible consolidation period. As long as this potential consolidation period does not last forever it could actually assist the strength of the eventual UK economic recovery in due course. However, in the short term we're likely to see significant job losses in both the public sector and the private sector as the business arena comes to terms with David Cameron's budget cuts and tax rises.

The employment market is a very good indicator of the underlying strength of the UK economy and those looking for indications in the future would do well to monitor employment figures and trends for the future.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details