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Permanent and contract job offers slow during August
Posted Sep 9, 2010
The latest Report on Jobs for August shows that both permanent and contract appointments rose, but at the slowest rate for 10 months.
The Report, published this week by REC and KPMG, showed that the number of people filling job vacancies carried by recruitment agencies continued to rise during the last month, but growth slowed further from peak levels in March.
The latest data signalled a further moderation in growth of demand for staff during August. Weaker increases in demand were recorded for both permanent and contract / temporary workers.
There was also evidence of weakening pay pressures in August. Permanent staff salaries rose at the slowest rate for seven months, while contract / temporary staff pay growth was at a five-month low.
Commenting on the latest figures, REC's Chief Executive, Kevin Green said:
"We are concerned about the UK jobs market. Growth is rapidly slowing as public sector job freezes start to bite and private sector employers' confidence remains fragile.
"The young are being disproportionately affected by the worst labour market in over two decades. The report does however highlight the emergence of specific shortage areas, such as chefs, nurses, engineers and internet developers, which will provide opportunities for those with the right skills. A priority for Government is to ramp up the support and guidance for job-seekers and to raise awareness of these growth areas within our labour market."
Bernard Brown, Partner and Head of Business Services at KPMG said:
"The UK job market slowdown continued in August with permanent job appointments rising at the weakest rate for 10 months. A look at the sectors also reveals the growing disparity between the public and private sector. Whereas demand for staff is growing in the private sector, many public sector organisations have started redundancy programmes. If they are still recruiting they are doing so at a reduced pace. In the months ahead we will see a substantial reduction in public sector headcount as the cuts begin to bite. That is the painful but inevitable consequence of the coalition government's determination to tackle the UK's massive structural deficit. The big question is whether the private sector can create new jobs in sufficient numbers and quickly enough to offset the downturn in the public sector."
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