UK's jobs market shows signs of stabilisation, REC/KPMG say
Permanent placements in Britain rose to 50.0, ending a 45-month decline, as starting salaries and temporary vacancies also increased, the survey found.
- On Monday, a survey by the Recruitment and Employment Confederation and KPMG showed Britain's permanent job placements reached 50.0 in July, ending a 45-month downturn as Prime Minister Andy Burnham took office.
- Callum Licence, head of advisory at KPMG UK and Switzerland, said businesses are watching for policy signals: "With a new government in place, businesses will be looking for signs that the new policies can translate into greater confidence to invest and hire."
- Temporary vacancies rose for the first time in two years, while wage growth for temporary roles hit a 26-month high; the survey's temporary staff placements gauge came in at 51.9 in July, down from 52.7 in June.
- Bank of England officials are monitoring pay pressures from the Iran energy shock, though pay growth remains muted for now; policymakers anticipate second-round inflationary effects may emerge later this year.
- Medical care, engineering, and IT businesses recorded increased job postings, while vacancies in retail and hospitality contracted at the sharpest rate; recruitment patterns diverged sharply by sector during the month.
16 Articles
16 Articles
UK job market reaches turning point as permanent staff recruitment stops falling
Britain’s labour market showed tentative signs of stabilisation in July, when Andy Burnham became prime minister, as recruiters stopped shedding permanent staff, according to a survey on Monday that also showed a faster rise in starting salaries. The monthly gauge of permanent job placements from the Recruitment and Employment Confederation trade body and accountants KPMG […]
Midlands sees renewed rise in permanent staff appointments in July
The latest KPMG and REC, UK Report on Jobs: Midlands survey, compiled by S&P Global, pointed to a shift in hiring trends across the Midlands in July. Permanent placements rose for the first time since January, while temp billings fell following 11 successive months of growth. However, movements in both cases were only marginal. Pay […]
UK's jobs market shows signs of stabilisation, REC/KPMG say
Britain's labour market showed tentative signs of stabilisation in July, when Andy Burnham became prime minister, as recruiters stopped shedding permanent staff, according to a survey on Monday that also showed a faster rise in starting salaries.
Temp hiring strengthens across North
Temporary hiring activity across the North of England strengthened in July, while permanent recruitment remained subdued, according to the latest KPMG and REC UK Report on Jobs. Billings for temporary staff rose for the third consecutive month and at the fastest rate in four years. The increase was also the strongest among the English regions […]
REC calls on government to lower hiring costs. Plus, £110m in public sector tenders for agencies
Here’s a news brief updating recruitment agencies and agency contractors on developments that could impact hiring trends The Recruitment and Employment Confederation (REC) has called on Ministers to take immediate action to lower hiring costs. That’s because severe skills shortages continue to create serious operational challenges across sectors including IT, engineering, and finance. The REC […] The post REC calls on government to lower hiring …
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