Posted 03 Sep 2010
People working in the private services sector, in banking or hairdressing jobs to name but a few, could be faced with redundancy.
That is because the services sector has slowed down and its rate of growth was the lowest in August since April 2009.
The purchasing managers index for private services companies was at 51.3 in August, a drop from 53.1 in July.
Anything above 50 indicates that the industry is growing but job cuts have already started as the Royal Bank of Scotland announced a further 3,500 redundancies on September 2nd.
Private services sector jobs make up two-thirds of the economy and many firms are scaling back their hiring – leading to fears of a double-dip recession.
Workers who end up losing their jobs could find that taking a TEFL course could help them get back into employment.
After someone has taken a TEFL course they are qualified to teach English abroad in places such as China or South America.
Chris Williamson, chief economist at Markit, told the Guardian: "Disappointingly, the rate of job losses in private sector service companies has picked up sharply again to the highest since last October as companies remain worried about the outlook."
Category: TEFL Industry
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