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UK — Fastest rise in permanent placements for over 12 years

07 April 2010

The Report on Jobs, published today by the Recruitment and Employment Confederation (REC) and KPMG, has signalled stronger increases in both permanent and temporary/contract staff appointments during March.

The number of permanent staff appointments made by UK recruitment consultancies increased again in March, with growth picking up to the strongest since October 1997. Higher placements were underpinned by a further expansion of permanent staff vacancies, albeit the slowest in three months. Growth of short-term staff appointments quickened to the strongest for 34 months in March. Billings were driven higher by the fastest increase in demand for temp staff since January 2008.

Recruitment consultants signalled another improvement in the availability of staff during March. The supply of both permanent and temporary/contract candidates increased at slightly faster rates compared with one month previously.
Permanent staff salaries rose again in March. The rate of inflation was solid, despite easing slightly from February's 20 month high. Temp pay increased at a pace that, although modest, was the sharpest since June 2008.
Kevin Green, the REC's Chief Executive said "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."

"However, the overall outlook is tempered by public expenditure cuts which are already impacting on recruitment in this sector. Deep-rooted reforms and innovative approaches to public sector resourcing will be needed in order to maintain frontline services. While high-end sectors such as IT and engineering continue to show strong growth, demand is also increasing for secretarial and back-office support roles."



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