04 November 2010 #Employment
That all depends on what you read.
According to the latest "Report on Jobs" from the Recruitment & Employment Confederation (REC) and KPMG, October 2010 saw the slowest rates of growth in 14 months for both permanent and temporary placements, and growth in the number of vacancies was also recorded at a 12-month low.
Chief Executive of REC, Kevin Green, said: "These figures show that employer confidence remains fragile ... The role of job creation now rests solely with the private sector and the Government must do all it can to facilitate this process."
The REC report stated that professional staff vacancies showed the strongest growth, along with engineering, construction, hotels and catering. Blue-collar, secretarial and health sectors performed worst.
Meanwhile Reed`s Job Index (which uses its online job vacancy board to track the number of new job opportunities and the salaries on offer, where anything above a score of 100 represents growth) has reported that the number of vacancies had increased by three points last month to 107, beating the previous best of 105 set in February 2010. Reed`s index stated that the strongest demand for new jobs came from employers in manufacturing and marketing, which Reed said demonstrated a "steady return to demand across the private sector".
The index was not all positive, however, recording a continuing fall in salary levels as the number of applicants for each job has risen at a faster rate than the number of available new jobs.
Reed`s managing Director, Martin Warnes, said: "The autumn has witnessed strong growth in the jobs market with demand up in diverse sectors such as banking, financial services, manufacturing, tourism and marketing. Although salaries continue to slip downwards as applicant levels reach record highs, the threat of an imminent economic double-dip certainly seems to be receding which is great news for job-seekers."