Unemployment likely to worsen as private sector resorts to redundancies

According to a study by Chartered Institute of Personnel and Development (CIPD), Britons are facing their worst employment prospects since the recession. The institute stated that employers are reluctant to hire against the decreased demand and problems with securing bank loans in hard times. According to analysts though, the economy is expected to turn a corner by mid-2012. Read this article for much more information.

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Unemployment likely to worsen as private sector resorts to redundancies

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