- Tuesday, 26 January 2010IVA help may be needed by those who are struggling to find work after being made redundant as a result of the recession.
The Chartered Institute of Personnel and Development's (CIPD) latest Work Audit reveals that 1.3 million people lost their jobs during the recession, tainting the somewhat rosy picture indicated by official statistics.
The CIPD results show that there were 6.2 million fresh claims for the Jobseekers Allowance between April 2008 and November 2009, highlighting the degree to which many people are still struggling to find permanent jobs, states the report.
CIPD chief economic adviser Dr John Philpott said the direct experience of redundancy, repeated unemployment and pay penalties has been widespread.
"This is likely to have a much greater impact on perceptions of job security and consumer confidence during the recovery than the simple 'unemployment situation is better than feared' story of the moment would suggest," he said.
The latest Office for National Statistics report shows that unemployment levels fell by 7,000 over the last quarter to reach 2.46 million - taking the rate back down to 7.8 per cent.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
| |
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960