Good news for jobs market

The number of vacant jobs increased in September for the second month in a row, but the job market is still ‘very fragile’.

Permanent and temporary jobs increased although growth remained “subdued”, research by KPMG and the Recruitment and Employment Confederation (REC) showed.

“The report brings more encouraging news for the UK job market,” KPMG said.

Both permanent placements and temporary/contract staff billings rose for the second month in a row in September and at slightly sharper rates than in August.

The month’s drop in job vacancies was the weakest in the current 16-month period of decline. Permanent staffing demand fell modestly, while demand for temporary/contract staff rose slightly for the first time in 15 months.
Job Trends

Recruiters reported that permanent staff pay fell at the slowest pace in the current 12-month decline, while the latest drop in temporary/contract staff pay rates was the smallest in just under a year.

Unemployment is at 2.47 million, the highest since 1995, with economists expecting it to continue to rise.

The employers’ group, the CBI, believes unemployment will peak at about three million in the second quarter, while the Chartered Institute of Personnel and Development, expects the number to hit 3.2 million in 2010.

However, the REC/KPMG report said the rate of job losses “appear to have peaked”.

Let’s hope for the best! Get your CV in order before employers embark on a huge scale recruitment drive.

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