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Private sector ''still delivering new jobs''

14 November 2011
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Private sector ''still delivering new jobs''The private sector is still expecting to deliver more new jobs in the year ahead, a survey has found.

Companies including small service sector enterprises have shown a high level of optimism in the study by the Confederation of British Industry (CBI) and recruitment specialists Harvey Nash, with 47 per cent expecting to employ more people a year from now.

This contrasts with only 19 per cent of firms anticipating a shrinkage of staff.

And the gap is wider still for companies employing fewer than 250 people, with 35 per cent more expecting to expand employment opportunities than to shed jobs.

However, the situation may not be so bright if the economy contracts as some fear.

CBI deputy director-general, Dr Neil Bentley, warned recruitment plans "could be blown off course by fast-moving economic events at home and abroad."

And the Chartered Institute of Personnel and Development has issued a downbeat prediction for the jobs market in the next few months, with public policy advisor Gerwyn Davies stating that it will experience a "slow, painful contraction".
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