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  • UK permanent jobs market turns after 17 months of decline.

    The August Report on Jobs published today by the REC and KPMG shows a return to growth, albeit only marginal, of both permanent and temporary staff appointments during August.

    Key points of the Report are:

    • Marginal increases in both permanent and temporary staff appointments.
    • Candidate availability rose at weaker pace.
    • Permanent and temporary staff pay fell at slower rates.
    This was the first growth of permanent appointments for 17 months and the first increase in temp billings since July 2008.. The rate of contraction of demand for staff eased further in August. The latest drop in overall vacancies was the weakest in just over a year.

    However, recruitment consultants reported another month of declining pay rates in August. However, the latest reductions in both permanent salaries and temporary/contract staff hourly wages were the slowest in ten months.
    Although the availability of candidates to fill job vacancies continued to rise strongly in August, the rates of improvement in both permanent and temporary/contract staff availability eased to the weakest for a year.
    Kevin Green, REC CEO, says: “For the first time in 17 months, this month’s report shows signs that the UK jobs market is improving. It seems that employers are becoming more confident in their hiring decisions with an increase in permanent recruitment and growth in temporary placements for the first time in over a year.”
    Recruiterblog says the demand for staff in most individual sectors is still falling month on month, with the exception of the Nursing & Medical Sector sector ( we are all getting older and sicker) but I do expect demand to increase in September after a low activity August.

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