Debt fears grow as job market stalls
10/08/2010More people will be left seeking debt management if the jobs market were to "stall", as has been predicted by the Chartered Institute of Personnel and Development (CIPD).
According to the group, a third of employers expect to cut the number of jobs available in the next three months. The brunt will be felt in the public sector, with 36 per cent of employers admitting to future cuts.
The number of people being added to the numbers out of work from each firm is also set to be higher than previously thought.
CIPD now report that across all sectors, employers are expected to make 5.5 per cent of their workforce redundant on average, up from 3.6 per cent three months ago.
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