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THE REC Report on Jobs

THE REC Report on Jobs

Key points:
Marginal increases in both permanent and temporary staff appointments.
Candidate availability rose at weaker pace.

Permanent and temporary staff pay fell at slower rates.

Summary:
The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs published today provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
Todays report signals a return to growth of both permanent and temporary staff appointments during August, albeit only marginal.
Slight rise in staff appointments...
Latest survey data signalled marginal increases in both permanent and temporary/contract staff appointments during August. It was the first growth of permanent appointments for seventeen months and the first increase in temp billings since July 2008.
...while vacancies declined at a slower pace
The rate of contraction of demand for staff eased further in August. The latest drop in overall vacancies was the weakest in just over a year.
Weaker falls in wages and salaries
Recruitment consultants reported another month of declining pay rates in August. However, the latest reductions in both permanent salaries and temporary/contract staff hourly wages were the slowest in ten months.
Growth of staff availability eased
Although the availability of candidates to fill job vacancies continued to rise strongly in August, the rates of improvement in both permanent and temporary/contract staff availability eased to the weakest for a year.

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