Gloomy jobs outlook but redundancies rate easing

THERE is further depressing news for the jobs market with a survey suggesting that up to 13% of employers expect to cut staff levels further before the end of the year.

The latest edition of the quarterly employment outlook survey from recruitment specialist Manpower said there was only one business sector, the pharmaceutical industry, out of 11 measured where the “net employment outlook” for the final quarter of this year was not down. Even then it was only flat.

However, it added that there are signs that redundancy levels have peaked and the rate of deterioration in job numbers may be easing.