New York  London  GMT  Tokyo  Singapore 
6:23 GMT
04
Nov 2009

UK Permanent Job Placements Rise Sharply In October

(RTTNews) - UK’s permanent and temporary staff appointments increased sharply in October, the Report on Jobs revealed Wednesday. Growth of permanent staff appointments accelerated to a two-year high in October.

The Report on Jobs is a monthly publication produced by Markit Economics on behalf of the Recruitment & Employment Confederation and KPMG.

Demand for permanent staff rose for the first time in seventeen months, while demand for temporary staff climbed after reporting a slight gain in September. Meanwhile, permanent salaries fell marginally, which was the slowest pace in the thirteen-month period of decrease. Temporary staff pay also registered a weaker drop in October.

Further, the report showed that availability of staff to fill job vacancies continued to increase in October. But, the rates of improvement in both permanent and temporary staff availability eased to the least marked in fifteen months.

“Based on the latest findings, we anticipate that unemployment will not reach 3 million in 2010 as some predicted. This again highlights the benefits of the UK’s flexible labor market and a balanced attitude towards employment legislation in terms of keeping people in work,” Kevin Green, Chief Executive of the REC said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved

Posted in Categories: Economy, Releases, Stocks.

If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend

HEADLINES
UPCOMING EVENTS
In 2 hrs: CHF Trade Balance (Swiss franc) (FEB)
In 2 hrs: CHF Exports (MoM) (FEB)
In 2 hrs: CHF Imports (MoM) (FEB)
In 3 hrs: CHF Industrial Production (QoQ) (4Q)
In 3 hrs: CHF Industrial Production (YoY) (4Q)
Enter Your Email Address
Theme By: WordPress Theme Shop