Employers are becoming increasingly gloomy about job creation in the wake of the current financial crisis according to a report released today.
With the recession, employers are predicting a reduction in headcount. There simply are not enough resources to keep high numbers of staff.
CIPD chief economist John Philpott, said:
"The year after the impact of the credit crunch was first felt saw the UK labour market move from a state of buoyancy to one of stagnation.
"We are now at the start of a period of contraction, with jobs being lost, new jobs hard to come by and, as this week's official statistics are set to confirm, unemployment on an ever sharper upward rise.
"With pay increases at best modest for those still in work, the harsh chill of recession will make this the toughest winter for UK households for almost two decades."
So, tough times ahead for those unlucky to have already lost their job and for those that still have one.
The best thing you can do is keep your spirits high and keep motivated. There are jobs out there. Keep looking!
Register with JumpToJobs.co.uk to receive the latest jobs in the UK direct to your inbox and to find the job of your dreams!
JumpToJobs.co.uk currently offers 542,423 jobs from job boards, recruitment agencies and corporate websites, 24 hours a day, 7 days a week.