Manufacturing recession takes toll on jobs

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Manufacturers are cutting employment at the fastest rate in three years, according to a closely watched survey of purchasing managers.

The news suggests that the persistence of the UK's manufacturing recession has exhausted the patience of many businesses, which have reluctantly responded by reducing workforces.

The survey, from the Chartered Institute of Purchasing and Supply, also increases fears that October's rise in the unemployment claimant was no flash in the pan.

Jobs growth in services has until recently more than compensated for job cuts in manufacturing.

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