Unemployment could hit two million by Christmas, and 2.7 million next year. That would leave almost one in 10 of the labour force out of work. So how safe is your job. Unlike the last recession where manufacturing bore the brunt of the job losses, this time everyone will share the pain. Michael Saunders, UK economist at Citigroup, says: 'Unemployment will affect all sectors, all regions and all ages. It would be futile to look for a bright spot on employment.' But some jobs are safer than others. Much of the focus on job losses has been on London and the south-east, as the credit crunch strikes at the heart of the City. But if you're a man working in Wales, you're statistically most likely to have lost your job in the three months to September. Welsh men are closely followed by female workers in the north-west, the West Midlands and then male workers in London as those most likely to have lost their jobs during the past quarter. Young workers are also more vulnerable to the axe, and companies are recruiting fewer graduates.
The Guardian