Employer confidence in economy on the up
|Employer confidence in the economy has stabilised after a fall following the EU referendum result a year ago, according to the latest JobsOutlook survey.
Asked about confidence in their own company’s hiring and investment decisions, employers are more optimistic, with a net balance of +18 per cent saying they expect it to improve according to the latest report. However, this compares to +31 per cent recorded this time last year.
Following the publication of official data showing that UK unemployment remains at 4.6 per cent (the joint-lowest level since 1975), this month’s JobsOutlook reveals:
– 35 per cent of UK employers have absolutely no spare capacity within their organisation to absorb more work
– 42 per cent anticipate a shortage of candidates for permanent hire in at least one skills area
– demand for industrial workers and drivers is particularly high.