Tuesday, 13 September 2011

Jobs ‘grind to halt’

Gloom ... building trade
Gloom ... building trade


BRITAIN'S jobs market has ground to a halt — with firms their most nervous since the recession, recruitment giant MANPOWER said.

It blamed huge cuts at banks as gloomy figures yesterday showed the first slip in its national employment survey since mid-2009.

Of 2,100 firms quizzed, only 2 per cent more expect to hire extra staff in the coming quarter. And there is a huge gap between the North and South.

Hiring intentions in the Midlands and South are up 6 per cent. But in the North, Wales and Scotland they are down 2 per cent.

Manpower exec James Hick said: "Prospects in many parts of the North look increasingly bleak.

"London is flat and that is down to the banks. Six months ago they were hiring like billy-o, but since then we've seen 50,000 job cuts announced."

Construction is worst hit, with hiring intentions down 5 per cent. The utilities sector is most buoyant.

Big spending cuts are still to have an effect on staffing numbers in central government. Mr Hick said: "It's local government where the biggest cuts have been made."