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CIPD - Employment set to continue to rise despite stalling economic growth
CIPD/SuccessFactors Labour Market Outlook report digs deeper into the jobs enigma
Employment will continue to grow in the first quarter of 2013, according to the latest Chartered Institute of Personnel and Development (CIPD)/SuccessFactors Labour Market Outlook report. Its key indicator is the net employment balance, which measures the difference between the proportion of employers that intend to increase total staffing levels and those that intend to decrease total staffing levels. This remained positive at +5 for the first quarter of 2013 (down slightly from +7 for the final quarter of 2012). Employers remain optimistic in the private sector with a net balance of +16 (compared to +18 three months ago), whereas the public sector balance has dropped sharply to -29 (compared to -17 three months ago).
This is the fourth consecutive quarter in which the Labour Market Outlook (LMO) has recorded a positive balance and this has been matched by robust growth in employment during 2012, according to the official statistics. This has taken place against a backdrop of stalling economic growth. The latest CIPD/SuccessFactors report explores a number of reasons for this ‘jobs enigma’, drawing on survey data from employers and employees.