Mounting redundancies in the public sector could delay a recovery in the jobs market in the second half of the year. A new survey says fewer companies are planning redundancies and those that are have scaled back their job cuts plans. But signs of improved employer optimism in the private sector are offset by mounting pessimism in the public sector, according to the quarterly labour market survey from the Chartered Institute of Purchasing and Supply and KPMG. The balances of companies seeking to cut jobs rather than add them has shrunk to just 2% from 30% in the spring, while in the public sector the balance has escalated to 28% from 3%.
The Guardian