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Jobs report shows rapid recovery for UK jobs market
Posted Apr 8, 2010
The Latest REC/KPMG Report on Jobs shows that both permanent and contract placements rose at a significant pace during March 2010.
The report, which provides a comprehensive view on the health of the UK's overall labour market, uses data provided by recruitment consultancies.
During March, permanent placements rose at their fastest pace for over 12 years - the strongest growth recorded since just after Tony Blair came to power back in 1997.
Contract and temporary billings also rose rapidly - at the strongest rate in 34 months, representing the fastest increase in demand for temporary workers since January 2008.
Kevin Green, chief executive of REC commented:
"Permanent appointments increasing at the fastest pace for over 12 years is the clearest sign yet of a revival in the UK jobs market. A rise in both temporary and contract work at the sharpest rate for nearly three years shows how they continue to provide vital flexibility for UK businesses as well as a valuable route back into work for job-seekers."
Public sector growth
Bernard Brown, from KPMG, while acknowledging the healthy figures, points out that much of the growth is occurring in the public sector:
"The UK jobs market seems to be going from strength to strength with permanent job placements growing at the fastest rate for over 12 years. These figures show that private sector confidence is returning and that the UK is exiting recession at a pace. However, a lot of the current hiring activity is going on in the public sector. The public sector recession which clearly is on the cards hasn't hit the jobs market yet but when it does, the upwards trend we have seen over the last couple of months may come to a halt."
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