Figures point to signs of recovery in jobs market

first_imgFigures point to signs of recovery in jobs marketOn 12 Mar 2002 in Personnel Today Previous Article Next Article The employment market is picking up, according to research that shows thedecline in permanent placements has slowed for the fourth month. The Report on Jobs survey of recruitment consultants reveals last month sawthe smallest drop in placements since May last year. Consultants also report an increase in weekly billings from temporary andcontract staff for the second successive month, marking a further recovery fromthe declines in the last three months of 2001. The study, published by the Recruitment and Employment Confederation andAndersen, shows demand increased for many types of staff, with nursing, medicaland care staff seeing the strongest rise, followed by engineering andmanufacturing staff. Brett Walsh, head of human capital at Andersen, believes the report showscompanies are more confident about their prospects and anticipate an upturn inthe economy. He said: “In a month in which the US and the UK have reported signs ofeconomic growth, this survey also provides encouraging signals. “For the first time in 10 months demand for staff rose. Pay pressuresalso rose for the second month running, further reinforcing these positivesignals for employment growth.” Tim Nicholson, chief executive at REC, thinks the latest figures are causefor cautious optimism. He said: “Modest strength of demand shown in these figures is to bewelcomed, although continued pressure on margins remains a concern. “Growth, albeit weak, in billings for temporary staff for the secondconsecutive month demonstrates the value organisations place on flexiblestaffing in difficult trading conditions.” Paul Nelson Comments are closed. Related posts:No related photos.last_img

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