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Challenging year ahead for jobseekers

Published: Friday, 28 December 2007   Category: Graduate Job sector Reports

Next year could be a challenging one for students looking for graduate jobs as experts predict there will be fewer jobs available in 2008.

The Chartered Institute of Personnel and Development (CIPD) says that unemployment figures will rise next year as companies prepare for uncertain economic times ahead, reports the Guardian.

John Philpott, chief economist at CIPD, told the newspaper: "2008 will be the first year for a decade that the engine of job creation will be spluttering right across the economy. This will be the worst year for jobs this decade and easily the worst since the Labour government came to power in 1997."

CIPD say that the extent of the employment problems will remain unsure due to the current credit crunch.

Higher energy costs will also cause companies to cut costs and lose staff, particularly in the public sector.

CIPD is a professional body for those involved in management and development of people. It has 130,000 members.

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