Connecting to LinkedIn...


Engineering lone bright spot as demand for professional-level workers continues to fall

Engineering lone bright spot as demand for professional-level workers continues to fall

 Vacancies for permanent candidates still 21% down year-on-year

Sharp fall erases gains made at start of year

 Vacancies for professional-level workers have fallen for the third month in a row, surrendering much of the ground gained during the first two months of the year when the jobs market staged a recovery, according to research by the Association of Professional Staffing Companies (APSCo). 

Vacancies for professional-level permanent staff declined 7% last month, leaving demand 21% lower on a year-on-year basis. Demand for professional-level temporary workers - which, up to now, has proven more resilient to the worsening economic conditions – also fell sharply, down 10% on a year-on-year basis.

Despite the negative data, temporary vacancies for engineers continued to defy the downturn affecting the rest of the professional jobs market, rising 6% on a year-on-year basis.
The research is from the APSCo Monthly Trends Report, which analyses job vacancies and placements across the UK professional staffing sector. The report compares data from thousands of vacancies and placements supplied by APSCo members who place professional candidates within the UK.

Ann Swain, Chief Executive for APSCo, comments: “Fears that the resurgence in the jobs market seen at the start of the year might be short-lived appear to have been well founded. Once again, negative economic data and uncertainty over the eurozone, has pushed employers back into & lsquo;wait and see’ mode.”

 “As always during a period of slow growth, there are bright spots amongst the gloom and some skills remain in strong demand. Engineering skills are faring much better in the jobs market, with vacancies for some roles up quite significantly.”

 “The economy has barely moved over the past 18 months which, combined with the on-off nature of the eurozone crisis, makes it very difficult for employers to commit to hiring decisions. Demand for temporary workers has proven more resilient than demand for permanent candidates, but vacancies are still down on this time last year.”

“Until the situation in the eurozone becomes clearer, it’s going to be very difficult for employers to make medium to long-term hiring decisions. I would expect demand for temporary workers to outperform demand for permanent candidates while the uncertainty continues.”
She adds: “Falling demand for permanent engineers is partly being offset by steady demand for temporary candidates. The decline in construction sector activity in the last quarter, however, is starting to feed through to reduced demand for permanent roles.”

 According to APSCo, the accountancy and finance sector was the only sector in which vacancies for permanent candidates rose during the past month. Demand for permanent candidates was up 2% last month, but vacancies are still 20% lower on a year-on-year basis.

 Demand for IT skills – often seen as relatively recession-proof – has taken a hammering since last August, when fears over the eurozone debt crisis reignited. Vacancies for permanent candidates are down 28% year-on-year demand for temporary workers is down 16% year-on-year.

“As ever, some areas of the market are performing much better than others. Demand for IT skills in London, in the retail and media sectors for example, has been quite buoyant this year with little sign of any slowdown.” 


Articles similar to

Articles similar to