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Permanent placements rise further in April, albeit at slower pace says REC/KPMG Report on Jobs

Permanent placements rise further in April, albeit at slower pace says REC/KPMG Report on Jobs

The Report on Jobs is unique in providing the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies and employers to provide the first indication each month of labour market trends.

The main findings for April are:

Modest growth of permanent placements maintained...

Permanent staff placements increased in April, continuing the trend seen since the start of 2012. That said, the rate of growth was modest and the slowest since January. Higher placements were supported by a further solid increase in demand for staff.

...but temp billings show further slight fall

Agencies’ billings from the employment of temporary/contract staff fell again in April. Although only slight, the rate of contraction was nevertheless the fastest since July 2009. The number of vacancies available to people seeking short-term work meanwhile increased, but at the weakest rate since September 2009.

Permanent staff availability down slightly weaker rise in temp availability

April data pointed to a slight deterioration in the availability of candidates for permanent jobs, bringing an end to the previous 14-month sequence of growth. Temporary/contract staff availability continued to rise, albeit at the weakest rate for almost a year.

Salaries broadly stagnant

Permanent staff salaries continued to show a broadly flat trend in April, posting a fractional fall on the month. Hourly rates of pay for temporary/contract staff were up modestly.

Recruitment consultancies report on the number of people placed in permanent jobs each month, and their revenues (billings) received from placing people in temporary or contract positions at employers.

Permanent placements showed a further moderate rise in the latest survey period, but temporary/contract staff appointments registered a further decline.

Permanent placements continue to rise, albeit at slower pace

Recruitment consultancies signalled an increase in the number of people placed in permanent jobs for the fourth month running during April. However, the rate of growth eased to the slowest since January. Higher placements were generally attributed to improved client demand, although there were also some reports of delays in decision making and fragile confidence in the marketplace.

The Midlands was the top performer in terms of placements growth during April, while the South and the North also saw increases. In contrast, London posted another marked reduction.

Temp billings down moderately

Agencies’ billings from the employment of temporary/contract staff decreased for a fifth successive month in April. Although the seasonally adjusted index was at its lowest level since July 2009, it still signalled only a modest rate of contraction. Anecdotal evidence pointed to constrained client budgets and weaker public sector demand for short-term staff.

In the South of England, temp billings declined at the fastest rate since May 2009, while London saw a marginal fall. Growth of short-term appointments was recorded in the Midlands and the North.

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