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The latest news on unemployment, employment, benefits and the economy. Find out who’s hiring, who’s firing, changes to benefits, the unemployment rate and everything that’s new in our world.

High unemployment to do 'permanent damage' to UK

Fri, 04/05/2012 - 13:44 -- nick

The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing "permanent damage to the UK's productive capacity", a think tank has said.

The National Institute of Economic and Social Research (NIESR) said that the persistent weakness in the economy was "unprecedented".

It says growth in 2012 will be close to zero. It forecasts 2% growth in 2013.

On Thursday, the CBI forecast growth of 0.6% this year and 2% next year.

ILO warns global employment situation is 'alarming'

Mon, 30/04/2012 - 19:45 -- nick

The International Labour Organization (ILO) has warned that the global employment situation is "alarming" and unlikely to improve soon.

The agency said that austerity measures, especially in advanced economies, were hurting job creation.

The ILO said the situation was likely to get worse amid slowing global growth and more people entering the workforce.

Renewables 'help jobs and growth'

Mon, 30/04/2012 - 19:36 -- nick

The renewable energy industry supports 110,000 jobs in the UK and could support 400,000 by 2020, a report says.

The Renewable Energy Association (REA) and consultants Innovas conclude that the industry is worth £12.5bn per year to the UK economy.

Last week the European Commission said low-carbon generation and energy efficiency could generate five million jobs across the EU by 2020.

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