link.png November 2014: mixed results for UK job market← Back


Image source - HM Treasury
 
The Recruitment and Employment Confederation and consulting service firm KPMG have released a report on the current state of the UK’s job market.
 
With unemployment currently at 6%, job creation continued to increase over the course of November but at a reduced rate. The report established that the UK witnessed less permanent placements in November, the lowest it has been in 18 months. Agency billings for temporary work, on the other hand, rose mugh higher. In terms of regional variations, the Midlands recorded strong growth, whilst the slowest was found to be in London.

Furthermore the report highlighted a shortage of skills across a variety of sectors, particularly in IT, engineering, medicine, but also with Blue Collar workers.The shortage of skills is a trend that is being observed across the recruitment industry. As a consequence salaries for permanent positions are increasing as companies are forced to compete in the search for talent.“It’s been a strong year for the UK labour market and it’s a sign of continuing business confidence that employers are expanding their permanent workforces and are prepared to make more generous offers to new recruits to attract the right people.” said Kevin Green, REC chief executive. He noted that a quarter of recruiters found that starting salaries are rising each month.  

This situation comes within the context of the uncertainty bought by the UK’s general election next year and the wider unstable economic framework of the EU. In the face of this KPMG’s Partner and Head of Business Services, Bernard Brown looked towards the initiatives laid out in the Autumn Statement as potential source of job creation.
 
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