The Chartered Institute of Personnel and Development has warned there are nervy times ahead for the jobs market - a sign it is time to find a job using Milkround.com fast.

Ri5 reports the Office for National Statistics has revealed UK unemployment has rose by 12,000 to 1.62m in the three months to May and June saw the biggest rise in the number of people claiming unemployment benefit since the end of 1992.

The figures suggest job cuts have started as the economy loses steam with the finance and property sectors already showing signs of strain. Gerwyn Davies of the Chartered Institute of Personnel and Development has warned it is not a desperate situation yet, but there are worrying signs.

He said: “While there has been an increase in the claimant count, the numbers classified as economically inactive have risen less fast, and the number in employment has continued to rise.

"However, despite the apparent resilience of the labour market, a loud note of caution should be sounded given that these figures do not include the swathe of redundancies that have been announced in the past month or so. And with a number of employers poised to pull the redundancy trigger in the next six months, the government will be hoping for some better economic news as the year progresses.

"One reason that employment remains high is the ongoing struggle employers have to attract and retain talent. This is discouraging employers from rushing to make redundancies. But each further knock to confidence in the economy risks triggering an avalanche of job losses. We hope that the labour market can cling on, but the next few months could be a white-knuckle ride.”

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