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Demand for IT staff rises, but overall employment figures grim
Posted Dec 7, 2011
The latest monthly Report on Jobs shows that the demand of permanent IT staff is rising in an otherwise declining jobs market. The demand for contract continued to rise in November, but at a much lower pace than in previous months.
The statistics, published by the REC and KPMG today showed that the general jobs market is going into reverse, with a decline in general placements for a second consecutive month. The rate of decline was the fastest seen since July 2009.
Permanent and contract/temporary pay rates only increased marginally last month, and contract rate inflation is at a 10 month low.
The reasons for the deterioration in the overall jobs market are well known - a drop in both consumer and business confidence, coupled with fear over the 'cooling effect' of the Eurozone crisis on the UK economy.
Unsurprisingly, spokesmen from both contributors to the report were downbeat on their assessments of the current jobs market:
Bernard Brown, Partner and Head of Business Services at KPMG said that the report made grim reading, and that total unemployment may yet test the 3m barrier.
Demand for IT staff continues to grow
There were some positives in the report, especially for the engineering and IT sector:
"Bright spots in an otherwise gloomy data set were that the agencies surveyed reported rising demand in permanent placements for engineering and construction staff ahead of this time last year, and demand also rose for IT and computing staff, together with the executive / professional and secretarial / clerical categories. But these isolated sectors do not compensate for an overall decline in permanent placements."
The Chief Executive of REC, Kevin Green, said that the jobs market had been slowing since May 2011, but had accelerated rapidly this autumn:
"This is bad news for those out of work and, as a consequence, we expect unemployment to rise in December and January. On a positive note, however, the report shows that temporary staff appointments are still growing, albeit at a decreasing rate."
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