Unemployment in the United Kingdom is set to go up to 2.5 million by the year 2012 and will carry on increasing by year 2013, according to a report released by the Chartered Institute of Personnel and Development or CIPD.
The organization that focuses on employment has issued warnings to the private sector that there will be a possibility of a failure in offsetting the 120,000 job losses in the public sector in 2012. However, their study does not identify any redundancies that may occur in the private sector.
According to John Philpott who is the chief economic adviser of the CIPD, “As long as there is a relatively benign outcome to the eurozone crisis, we expect the 2012 jobs recession to be milder than that suffered in 2008 to 2009. But unemployment in the coming year will be rising from a much higher starting point, so the UK jobs market in 2012 will be weaker than at any time since the recession of the early 1990s.”
The CIPD recommends that the UK government should act upon the impending problem of having more young people without jobs as well as having more people jobless for longer periods.
In contest of the matter, according to a spokesperson from the Department for Work and Pensions, “The number of people in employment is higher than last month’s published figure and the number of unemployed people is steadying.”
In contrast, the shadow Work and Pensions minister Ian Austin pointed out that the government is not doing enough to put people off benefits and bring them back into the workforce.
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