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Public sector 'more attractive' for jobseekers
Monday, 22 December 2008
Employment in the public sector is seen as "more attractive" than the private sector in the current economic climate, it has been claimed.
According to Gerwyn Davies, public policy adviser at the Chartered Institute of Personnel and Development, the private sector is suffering from a lack of finances and the public sector is better set due to the increase in borrowing in the latest pre-Budget Report.
He commented that the public sector was attracting people because it "pays higher" and has "a lot more opportunities", comments which may be of interest to those seeking graduate jobs.
Mr Davies added: "Two years ago, private sector average wages were above the public sector. Bonuses were really good and there were thousands of vacancies. That has changed very quickly now where recruitment is at a virtual standstill in the private sector."
According to the December 2008 Office for National Statistics figures on unemployment, the working rate was 74.2 per cent for the three months prior to October 2008, down 0.4 percentage points both from the previous quarter and over the year.