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The UK might be back in recession but the job market is holding steady as the number of advertised general staffing vacancies saw a monthly increase of 11% in April, finds Adecco in its latest research.
Temporary positions saw mixed results and increased particularly in the Banking, Insurance and Finance sector by +9%, followed by the legal sector, which saw a +6% rise in advertised temporary positions on a month-on-month basis. The research also revealed that these industries performed the best in the number of permanent vacancies advertised.
“While the economy continues to struggle, our data shows that the number of advertised general staffing vacancies is holding steady, and even showing growth. While UK businesses are still behaving cautiously, these figures suggest that the announcement of a double dip recession has not had a deeply negative impact on overall hiring levels,” said Steven Kirkpatrick, Managing Director at Adecco.
But in the month, temporary vacancies declined in HR, which hit a peak at the end of 2011, while vacancies also dropped in Retail. With the London Olympic Games nearing, retail positions in temporary staffing are expected to pick up again in the summer.
The Public Sector also saw a further fall in advertised temporary vacancies following a short-lived increase in March while permanent opportunities in Telecoms, Engineering and HR have also all fared less well, seeing small monthly declines.
“Businesses have been living with the effects of recession for a long time now, and it seems that they have found an equilibrium which gives them the confidence to manage their investment in staff and continue to hire despite the turbulent economic conditions. However, only time will tell how the formal announcement of the double dip recession will affect these confidence levels,” added Mr Kirkpatrick.