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Switzerland - Economy expected to grow at a far slower pace

29 August 2011

The Economic Barometer, published by the Swiss Economic Institute (KOF), has fallen sharply. The Barometer fell by -0.37 points in August 2011 compared with July 2011 (1.98, revised from 2.04) and now stands at 1.61 points.There has not been such a sharp fall for more than two years. The growth r...


Netherlands - Agency employment up, revenues forecast to grow

26 August 2011

The number of hours worked in agency temporary employment increased for the fifth consecutive quarter. In the second quarter of 2011, it grew by more than +2% relative to the preceding quarter, according to the latest data, published today, by Statistics Netherlands (CBS). This means growth was l...


UK - Immigration cap creates skills gap in high tech positions

26 August 2011

In an interview yesterday with BBC Radio Four's You and Yours programme, Albert Ellis, CEO of staffing agency Harvey Nash, explained why staffing agencies are finding it difficult to fill job vacancies in high tech industries despite the large number of people in the UK who are unemployed.Ellis s...


UK - HMRC issues clarification for recruiters on VAT

26 August 2011

Her Majesty's Revenue and Customs (HMRC) has published a briefing on the recent first tier tribunal case involving Reed Employment, so that recruiters can be more certain where they stand in discussions with clients. The briefing confirms HMRC's position that recruiters should not change how the...


France - Unemployment up +2.8% y-o-y in July

26 August 2011

The number of category A (Unemployed) job seekers, in France, registered with job centres in July 2011 was up by +2.8% to 2,756,500 compared with July 2010. Compared with the previous month, it was up by +1.3%, according to the latest data published by DARES on behalf of the official government j...


Sweden - Economic growth slows down considerably

26 August 2011

The Economic Trend Index, published by the National Institute for Economic Research (Konjunkturinstitutet), fell by -3 points in August 2011 and has therefore declined by nearly -12 points over the past three months. The index is currently only a couple of tenths of a point above its long-term a...


UK - GDP grew by +0.7% y-o-y in Q2 2011, second estimate

26 August 2011

Gross Domestic Product (GDP) increased by +0.7% in Q2 2011 compared with Q2 2010, according to the second estimate published today by the Office for National Statistics (ONS). Quarter-on-quarter, GDP increased by +0.2% in Q2 2011 when compared with Q1 2011.Output in the construction sector increa...


Iceland - Real wages up +2.6% y-o-y in July

26 August 2011

The monthly wage index has risen by +7.8% in July 2011 when compared with July 2010. The wage index in July 2011 was +1% higher than in the previous month, according to the latest data by Statistics Iceland (Hagstofa Islands).The real wage index has increased by +2.6% in July 2011 when compared w...


UK - Hays reveals RBS' contractor pay in e-mail blunder

25 August 2011

In an e-mail to 800 Royal Bank of Scotland (RBS) employees, a staff member of staffing agency Hays disclosed day rates for 3,000 contractors, some of whom were paid 2,000 Pounds per day, the Financial Times reports.  The release of the data is an embarrassment for the state-backed bank, wh...


Sweden - Proffice doubles operating profit in Q2 2011

25 August 2011

Revenues were up from 112.2 million Euro in Q2 2010 to 129.5 million Euro in Q2 2011 at Proffice AB (PROEB:STO), the Scandinavian temporary and permanent staffing group.Interim results for the three months ended 30 June 2011 reveal that operating profit doubled from 2.7 million Euro in Q2 2010 to...