Jobs market

Unemployment will “substantially rise”, according to a new report.

The Ernst & Young Item Club summer forecast predicts gross domestic product will grow by just 1% in 2009, while unemployment will “substantially increase”.
The Item Club's chief economist, Peter Spencer, told Forbes financial news that high street and housing market conditions would worsen before things improved. Spencer said: “We have already seen a housing crisis that has morphed from a credit crunch to a general collapse in confidence, as prices have tumbled.”

* - the above article was taken from the recruiter.

G & G Recruitment still believe that the Public and Not-For-Profit sector will not be affected as much as the financial sector but, we have seen a drop in Permanent vacancies in July.