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| Unemployment set to rise in 2012, suggests CIPD | Unemployment set to rise in 2012, suggests CIPD |
| (40 minutes later) | |
| UK unemployment is set to keep rising to 2.85m in 2012 and peak in 2013, says a report by the Chartered Institute of Personnel and Development (CIPD). | |
| The think tank, which specialises in employment, warns the private sector will fail to offset the 120,000 job losses in the public sector in 2012. | |
| But is does not detect signs of widespread new redundancies in the private sector. | But is does not detect signs of widespread new redundancies in the private sector. |
| A government spokeswoman said the labour market was stabilising. | |
| Government measures should also stop the numbers of young and long-term jobless getting worse, the CIPD says. | Government measures should also stop the numbers of young and long-term jobless getting worse, the CIPD says. |
| "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 2008-9," said John Philpott, chief economic adviser at 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 2008-9," said John Philpott, chief economic adviser at the CIPD. |
| "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." | "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." |
| In response, a spokeswoman for the Department for Work and Pensions said: "There has obviously been an unwelcome increase in unemployment since the summer but the latest unemployment figures show some signs that the labour market is stabilising. | In response, a spokeswoman for the Department for Work and Pensions said: "There has obviously been an unwelcome increase in unemployment since the summer but the latest unemployment figures show some signs that the labour market is stabilising. |
| "The number of people in employment is higher than last month's published figure and the number of unemployed people is steadying." | "The number of people in employment is higher than last month's published figure and the number of unemployed people is steadying." |
| She added that "the increase in those claiming Jobseeker's Allowance has slowed and our welfare reforms are having a positive impact with overall benefit claimant numbers falling by around 40,000 in the last 18 months." | She added that "the increase in those claiming Jobseeker's Allowance has slowed and our welfare reforms are having a positive impact with overall benefit claimant numbers falling by around 40,000 in the last 18 months." |
| However, shadow work and pensions minister Ian Austin said it was "crystal clear that this government is failing to get people off benefits and into work". | However, shadow work and pensions minister Ian Austin said it was "crystal clear that this government is failing to get people off benefits and into work". |
| "With unemployment continuing to rise, the benefits bill is going up too - and that's making the deficit harder to bring down." | "With unemployment continuing to rise, the benefits bill is going up too - and that's making the deficit harder to bring down." |
| Record joblessness | Record joblessness |
| The forecast is more downbeat than estimates published by the Office for Budget Responsibility (OBR) in November. | The forecast is more downbeat than estimates published by the Office for Budget Responsibility (OBR) in November. |
| The OBR, which was set up by the government to provide independent assessments of the UK economy, expects unemployment to peak at 8.7% of the total workforce in the final quarter of 2012. The CIPD believes the unemployment rate will hit 8.8% in 2012. | The OBR, which was set up by the government to provide independent assessments of the UK economy, expects unemployment to peak at 8.7% of the total workforce in the final quarter of 2012. The CIPD believes the unemployment rate will hit 8.8% in 2012. |
| Official figures showed that the UK unemployment hit its highest level since 1994 in the three months to October, when it rose by 128,000 to 2.64 million. | Official figures showed that the UK unemployment hit its highest level since 1994 in the three months to October, when it rose by 128,000 to 2.64 million. |
| The Office for National Statistics (ONS) said the jobless rate for the three months to October was 8.3%, up from 7.9% in the same period last year. | The Office for National Statistics (ONS) said the jobless rate for the three months to October was 8.3%, up from 7.9% in the same period last year. |
| Youth unemployment rose to 1.027 million, the highest since records began in 1992. | Youth unemployment rose to 1.027 million, the highest since records began in 1992. |