14 September 2010

Employment “will take 14 years” to reach pre-recession levels

Employment will not return to pre-recession levels for 14 years and could take longer in some parts of the country hardest hit by Government spending cuts, according to research today.
The TUC said if private firms continued to create jobs at the same rate as over the past decade, it will take more than 20 years in some regions to make up for work lost in the recession.
More than 1.3 million private sector jobs were lost since official figures for workplace jobs peaked at 31 million in 2008, the study found. Around 2.2 million jobs will have to be created to get the labour market back to pre-recession levels, which could take up to 14 years, but much longer in areas such as Yorkshire and the Humber and the North West, said the TUC... read more

The Appointment
September 10

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