3.7m out of a job since 2008

Midweek Sport - - IN THIS WEEK'S SENSATIONAL -

AROUND 3.7MIL­LION peo­ple have been made re­dun­dant since the re­ces­sion in 2008 – one in seven of all em­ploy­ees – ac­cord­ing to a new study.

Al­most two-thirds of those los­ing their jobs were men, with most re­dun­dan­cies re­ported in 2009.

The last two years have been the worst for women los­ing their jobs, re­flect­ing pub­lic sec­tor spend­ing cuts, said The Jobs Econ­o­mist con­sul­tancy.

The re­search, pub­lished ahead of the lat­est un­em­ploy­ment fig­ures on Wed­nes­day, showed that re­dun­dancy rates since 2008 have gen­er­ally been lower than in the late 1990s and early 2000s.

Dr John Philpott, di­rec­tor of The Jobs Econ­o­mist, said: “It’s symp­to­matic of a longer-term struc­tural change.”

Un­em­ploy­ment stood at 2.49mil­lion last month.

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