<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d301fcfc-4eff-48a8-8946-015a98985f46/E14C59B9-9151-4450-99F9-0E5B6ADFF7C2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/222893b8-b4c2-11dc-990a-0000779fd2ac.html" href="http://www.ft.com/cms/s/0/222893b8-b4c2-11dc-990a-0000779fd2ac.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/222893b8-b4c2-11dc-990a-0000779fd2ac.html"><P>Unemployment is forecast to rise by 150,000 to 1.8m next year, the highest level since 1997 when Labour came to power, according to the Chartered Institute of Personnel and Development. </P><DIV id="floating-con"><DIV class="nav-collection clearfix"><H3 class="section"><SPAN>EDITOR’S CHOICE</SPAN></H3><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/224c5084-b4cf-11dc-990a-0000779fd2ac.html">Tough job to keep enviable labour record</A><SPAN class="pub-date"> - Dec-28</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/67416f6e-b4b9-11dc-990a-0000779fd2ac.html">UK office property investors hit</A><SPAN class="pub-date"> - Dec-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/41e077f4-b470-11dc-990a-0000779fd2ac.html">November mortgage approvals tumble 40%</A><SPAN class="pub-date"> - Dec-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/bda12d08-a907-11dc-ad9e-0000779fd2ac.html">UK vacancies rise and pay growth eases</A><SPAN class="pub-date"> - Dec-13</SPAN></H4></DIV></DIV></DIV><P>The institute’s study follows a survey of independent forecasts published by the Treasury which predicted that the number of people claiming unemployment benefit would rise by 12 per cent to 910,000 by the end of next year.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/222893b8-b4c2-11dc-990a-0000779fd2ac.html">The jobs squeeze would be greatest in the financial services sector, which in recent years has been “a substantial driver of employment growth” but is “now facing a direct hit from the credit crunch”. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E14C59B9-9151-4450-99F9-0E5B6ADFF7C2/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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