Professional Services

New year to be 'best for jobs market since 2007'

Hand shake for new job

Leading economist Dr John Philpott has predicted that the labour market is poised for its best year since 2007, with growth in private-sector jobs expected to outweigh cuts to public-sector roles by five to one in 2015. He said workers will also enjoy a 'sustained increase' in wages as employers face growing competition to recruit suitably skilled staff. Although 100,000 jobs will be shed by public-sector bodies, around half a million new roles are expected to be created by private companies. Dr Philpott's Jobs Economist consultancy reckons that unemployment will dip to 1.7m, giving a jobless rate of 5.2%.

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?