Latest report on jobs shows a slowing down in the decline in the jobs market
This week’s KPMG report shows that the job market deteriorated at a slower pace in May, as the rates of decline in placements and billings eased further.
Recruiters signalled another month of lower permanent and temporary staff appointments during May.
However, the rates of decline eased further from recent records to the weakest in ten and eight months respectively.
Consultants indicated a further strong increase in the supply of candidates to fill jobs in May, which they frequently linked to redundancies.
Starting salaries for people placed in permanent jobs decreased at a sharp pace (albeit a four-month low), while average hourly pay for temps also fell.
Kevin Green, REC chief executive said: “This month’s Report on Jobs shows that vacancies and appointments continue to decline, however there are some signs of recovery. For example, sixty per cent of recruiters reported either a stable or increased demand for temporary staff in May.
He added: “This continuing dependency on agency staff further underlines the need to ensure that the current consultation on implementing the Agency Workers Directive does not jeopardise the viability of agency work. On Thursday of this week, recruiters and employment bodies will come together at the Agency Workers Summit to demand that the implementation be delayed until the last possible moment in 2011. Recognising the contribution of flexible workers to businesses is the core message of our National Temporary Workers Week which is taking place this week.”
Source : rec-con.co.uk Wednesday 10th June 2009
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