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REC/KPMG Report on Jobs: Vacancies rise at strongest rate in over 16 years

Growth of staff appointments eases but still marked…
Permanent placements growth remained strong in August, although eased from the five-month high recorded in July. Temp billings also rose at a marked pace, albeit the slowest since May.

...supported by fastest rise in vacancies for over 16 years

The number of available job vacancies rose further in August, with the rate of expansion the sharpest since April 1998. Both the private and public sectors saw increased demand, with the former recording the sharper growth.

Strong pay growth...

Permanent staff salaries continued to rise at an elevated rate in August, with the latest increase only slightly slower than June’s survey-record. Temp pay also rose strongly, and at a faster pace than in July.

...underpinned by tight candidate availability

The availability of staff to fill job vacancies fell further in August. Permanent candidates were in particularly short supply, with the latest decline in availability again steep albeit easing from July’s series-record.

Regional and sector variation

All four English regions monitored by the survey saw increased placements in August, with the South posting the fastest expansion.

The Midlands led a broad-based rise in temp billings during the latest survey period.

Demand for staff continued to rise at a considerably stronger rate in the private sector than in the public sector during the latest survey period.

Demand rose for all nine categories of permanent staff monitored by the survey in August. Engineering workers saw the strongest expansion of vacancies, while Hotel & Catering roles registered the slowest growth.

Nursing/Medical/Care was the most sought-after category for temp workers in August, closely followed by Engineering. The slowest growth was signalled for Executive/Professional workers.

Comments:
REC CEO Kevin Green said:
“It’s more great news for people looking for work this month, as we see more people being placed into jobs across all regions and sectors including construction, IT and engineering.
“The jobs market is often criticised for being London-centric but our data shows that rates of growth for both permanent starting salaries and temp pay rates are faster in the South, Midlands and North this month. Recruiters tell us that the driver behind this increase is the competition to attract and retain the skilled people outside London.
“While immigration has increased according to government figures, this clearly has had little impact on the jobs market. As skills shortages increase and employers struggle to find the people they need, politicians from all parties should focus on ensuring that we have a visa and immigration regime that supports UK businesses.”

To read the full report visit the REC website


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