'Slow, painful contraction' in UK jobs market predicted
The UK labour market faces a "slow, painful contraction" with firms delaying recruitment of more staff, a key report suggests.
The Chartered Institute of Personnel and Development predicted the jobs market would worsen in the medium term amid global economic "turmoil".
Its quarterly survey of 1,000 employers found firms' future hiring plans dwarfed by likely public sector losses.
Joe Lynam reports.
14 Nov 2011