Read 'Five must-have devices for business professionals' feature

Male unemployment nears record high

3:06pm GMT, Wednesday, 14 October 2009

Latest personnel figures show that male unemployment in the UK is nearing a record low. Latest personnel figures show that male unemployment in the UK is nearing a record high.

One in ten men will be unemployed by 2010, figures from the Chartered Institute of Personnel and Development (CIPD) reveal, including one in five 18-24 year old males and one in five black men.

The rate of men currently unemployed stands at 9%, which has increased 50% during the recession, compared to 6.9% of women, which has risen by 33%.

It is predicted that this number will rise to 11% in 2010, equating for 1.9 million UK men out of work – although this will be less than the rate of unemployment during the 1980s and 1990s’ recessions, which experienced levels of 12.4% and 12.8% respectively.

Dr John Philpott, CIPD’s Chief Economist, said: “A focus on the relatively hard impact of the recession on men should not detract from the absolute deterioration in the labour market situation facing both sexes. Indeed, it is likely that the relative position of women will itself deteriorate in the coming decade as real cuts in public expenditure have an adverse impact on public sector employment.

“However, it is important to highlight the current plight of men in the labour market, not least because once the impact of recession and a ‘jobs-light’ recovery is fully felt the proportion of UK men in work will probably have fallen to a record low.”

The study, Men not at work, represents CIPD’s analysis of official statistics. For more information about the organisation, visit: http://www.cipd.co.uk

Comments:

Pingbacks/Trackbacks:

  1. Male unemployment nears record low
Categories:
Business, Finance
Keywords:
, , , , ,



Subscribe to ICM News

Add to Google Reader or Homepage

eNewsletter signup

Sign up to our free eNewsletter, and receive the headlines direct to your inbox.

Opinion poll

Should broadband be a legal right for every citizen?

View Results

Loading ... Loading ...
Related Links
> CIPD
    • No results available
    • No results available
Latest news
National Briefing | WEST: California: Rocket Launches With Secret Payload
The largest rocket ever launched from the West Coast blasted off Thursday with a classified defense ...
Read More
German Ifo survey hits 20-year high
Business sentiment of 7,000 companies confounds forecasts of a flat reading to hit highest level sin ...
Read More
NASA’s Stardust Probe Readies for Date with Comet Tempel 1 (Time.com)
Time.com - Stardust’s Valentine’s Day meeting with comet Tempel 1 will be not only a sci ...
Read More
© 2012 The Institute of Commercial Management (ICM), ICM House, Castleman Way, Ringwood, Hampshire, BH24 3BA, UK