Growth continues in jobs market, claims report
A modest rise in permanent staff placements last month was the underlying foundation of a new report on the UK job sector, reports freshbusinessthinking.com.
The Recruitment and Employment Confederation (REC) and KPMG LLP’s latest Report on Jobs, which looked at data from 400 UK recruitment and employment consultancies, suggests that vacancies for permanent and temporary/contract staff continued to grow, albeit at a slightly slower place than usual.
Furthermore, permanent staff salaries rose at a supersonic speed, signalling the fastest rate of growth for eight months.
Overall, the report’s permanent jobs indicator registered at 51.0, with anything above 50 signalling growth, therefore continuing the run of growth in the sector which started at the beginning of 2012 – which has the potential to mean more jobs in London for jobseekers.
Kevin Green, Chief Executive of the Recruitment and Employment Confederation, commented on the figures to bbc.co.uk: “This month’s data shows employers are becoming more cautious about hiring and while there is still growth in permanent placements, the figures have been getting weaker over the last two months.
“More jobs being created in the private sector in 2012 is vital for our overall economic recovery so anything which boosts confidence is good news – the Jubilee and the Olympics may yet help us turn the corner,” he added.