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August 2016 - Report on Jobs

Posted on September 13, 2016

This is a summary of the key points from the latest Report on Jobs for August which is compiled by Markit and sponsored by the Recruitment and Employment Confederation (REC).

 

·         Permanent appointments rise for the first time in 3 months

·         Temp billings increase at fastest pace since May

·         Permanent salary growth quickens

·         Supply of labour continues to fall at marked rate

 

Findings for August indicate a rise in permanent appointments for the first time in three months. Temp billings increased at their fastest pace since May and whilst permanent salary growth quickened the supply of labour has continued to fall.

 

Latest data showed a rise in the volume of permanent staff placements during August, following decreases seen in the preceding two months around the Brexit vote. Anecdotal evidence suggested that some panellists had decided to move ahead with hires that had previously been placed on hold. Having eased to a ten-month low in July, growth of short-term staff billings picked up in August. Panellists indicated that strong client activity levels had underpinned the latest increase. Starting salaries for successful permanent candidates continued to rise in August. The rate of growth was solid and faster than in July, with panellists citing skill shortages and greater numbers of senior-level placements. The supply of candidates to fill vacancies remained an issue in August, with consultants signalling sharper falls in both permanent and temporary staff availability.





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