The Recruitment and Employment Confederation (REC) said vacancies for the temporary jobs sector have increased at its fastest pace for 15 years, during last month.
The strong demand has meant that recruitment agencies’ in the Uk that have been billing from the employment of temporary/contract staff have enjoyed an expansion rate which was last seen in July 1998.
In contrary, British employers took on permanent staff at a slightly slower pace last month after hiring hit its highest in more than two years in July.
As the labour market revels in further successes and general positive figures this is what the Government will be looking at to prove the recovery in the UK, the health of employment is pivotal for the Bank of England’s new monetary policy guidance. It effects severely on how well the country is doing economically and also from a ‘doing business’ point of view.
The past few weeks the British Government and National statistics have pointed to the upward trend of returning to growth in construction, manufacturing and the service areas, boosting the view of a full blown economic recovery.
REC Chief Executive, Kevin Green commented on the news “August was an extraordinary month for the UK jobs market,”
“There is more good news for all workers with pay rates for temps rising for the seventh consecutive month and starting salaries for permanent staff increasing at the highest rate in five and a half years.
“Vacancy growth has hit a six year high and fluidity is returning to the jobs market, so over the coming months we expect to see a noticeable improvement in official employment figures. The major issue now is the worrying lack of candidates to fill the jobs being advertised. In August, the number of vacancies increased at the sharpest rate in over six years but the availability of staff keeps declining.
“This monthâ€Ÿs figures should be celebrated and efforts should be focused on addressing the skills gap rather than picking holes in flexible working.”