Firms bullish on jobs in 1998
Monday 29 December 1997
Employers believe the first months of the new year will see the highest net recruitment since 1989, with the gains being enjoyed by most regions and sectors of industry.
Hi-tech industries, including electronics and telecommunications, are the most optimistic about recruitment, with building and engineering firms also expecting to take on extra staff.
The survey of 2,221 employers by employment group Manpower showed that more than one in five of those polled predicted an increase in jobs from January to March, with 12 per cent expecting a cutback. This leaves a balance of 10 per cent, a rise of 4 per cent compared with a year ago and the highest first-quarter balance since 1989.
Lilian Bennett, chairman of Manpower, said: "Almost without exception our respondents take a positive view of the immediate future, while watching the medium and long-term carefully. They are, however, concerned about potential skill shortages and are reviewing their training plans."
A separate survey showed business leaders were optimistic about growth in the new year but highlighted rising inflation as the main threat to economic prosperity.
A poll of 267 members of the Institute of Management (IoM) found 60 per cent believed 1998 would usher in a period of sustained economic growth, although four out of 10 expected an economic down turn with 17 per cent forecasting a recession.
Three-quarters of managers (76 per cent) thought inflation would rise next year while 94 per cent said they expected interest rates to rise again.
Most analysts expect a soft landing with growth slowing to a sustainable pace and inflation close to its target. Earlier this month the Organisation for Economic Co-operation and Development downgraded its forecast for UK economic growth rate to 2.2 from 2.7 per cent in the light of the turmoil in South-east Asia.
- 1 Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 How the language you speak changes your view of the world
- 5 Tory activist asked to step down after Labour candidate Rupa Huq is 'manhandled' while questioning Boris Johnson on the campaign trail
General Election 2015: Fishing is on Nigel Farage's mind as he casts a line to the disaffected of Grimsby
The man who filmed the Freddie Gray video has been arrested at gunpoint
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...