The impact of the recession on unemployment is deeper than headline
figures suggest, with 1.3m people being made redundant since the downturn commenced,
according to data released by the Chartered Institute of Personnel and
Development (CIPD).
The CIPD's study also revealed that there were 6.2m fresh
claims for jobseeker's allowance between April 2008 and November 2009 -
seven-and-a-half times the rise in the unemployment claimant count
during the recession. The data also showed that two-thirds
of people made redundant were paid 28% less when they managed to find
another job.
"Although the scale of job loss in the
recession is much less than originally feared, it is evident that the
direct experience of redundancy, repeat spells of unemployment and pay
penalties has nonetheless been widespread," said John Philpott, the
CIPD's economic adviser.