Downturn Takes Further Toll on UK Employment

December 2001
Logistics & Transport Focus;Dec2001, Vol. 3 Issue 10, p16
Trade Publication
This article reports on research findings, contained in the 2001 Recruitment Confidence Index (RCI) which is a quarterly survey of British directors' and managers' expectations of changes in recruitment activity and business conditions in the next six months, which reveal that the blunted rate of employment growth in manufacturing is expected to spread to the service sector in the six months. Employers' predicted increases in the service sector are at their lowest since 1999. The expectations of a downturn that emerged in the last quarter's RCI are more pronounced in the latest responses about the state of the labor market and recruitment. The majority of organizations surveyed in the service sector expect unfilled vacancies and staff turnover to drop in the next six months in manufacturing. The report is based on over 4,600 responses from a sample of organizations in Great Britain with at least 25 employees.


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