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'Long and rocky road' to employment could boost demand for IVA advice

- Thursday, 6 August 2009

Unemployed Britons hoping to land a job in the near future are likely to be disappointed as the UK jobs market continues to remain stunted, it has been claimed.

While a number of new reports may have pointed to the emergence of 'green shoots' in the UK economy, according to the latest Report on Jobs from the Recruitment and Employment Confederation (REC) and KPMG, this upturn has yet to be felt in the jobs sector.

Indeed, the report reveals that demand for new workers was down again in July, with many jobseekers therefore likely to be turning to IVA debt management solutions as they carry on waiting for their next pay cheque.

REC director of external relations, Tom Hadley, warned: "The fact that the decline in permanent staff appointments accelerated again in July following four months of relative stabilisation confirms that it is going to be a long and rocky road back for the overall UK jobs market."

These latest figures follow on from a report by the Centre for Economics and Business Research (CEBR), which hinted that demand for IVA debt solutions could soar as unemployment hits 3.8 million over the next few years.ADNFCR-2258-ID-19299889-ADNFCR

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