UK job future: a silver lining, or just yet more dark clouds?
For the fresh graduate of the IPOD generation (Insecure, Pressurised, Overtaxed and Debt ridden), throwing oneself into the job market is in itself daunting and confusing enough a prospect. But when the minefield of contradictory statements from various media outlets is added to this, the insecurity is compounded.
A prime example of this indecision was, at the beginning of September, when BBC News published an article heralding a fall in UK joblessness, immediately before the OECDâ€™s pessimistic forecasting of a â€˜double dipâ€™ recession and another latent surge in unemployment.
More recently, a ray of hope for the Westâ€™s beleaguered jobs market can be gleaned from the Nobel Prize winning research by trio of veteran MIT economists into the impact of government policy on the employment market. With the academic weight of this institution lending itself to the subject of reducing joblessness, surely progress is being made?
But before we even had time to digest this story came the less reassuring news on Monday that HP had axed 1,300 jobs across the UK in a bid to save cash by outsourcing to cheaper climes. Two days later and Lloydâ€™s group announce theyâ€™ve have decided to axe a further 4,500 jobs from the UK to bring their grand total to 20,000 job losses.