Filed under Press releaseFriday, 07 July 2017
The Markit/REC Report on Jobs – published today – provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
Staff appointments increase at softer pace
Permanent placements continued to rise sharply in June, despite the rate of expansion easing slightly since May’s 25-month peak. Growth in temp billings also softened in June, but remained steep overall.
Demand for staff holds close to May’s 21-month peak
Demand for staff continued to rise in June, with the rate of growth staying close to May’s recent peak. This was despite both permanent and temporary vacancies rising at slightly weaker rates than in the previous month.
Salary growth fastest for over a year-and-a-half...
Permanent starting salaries rose at a sharp and accelerated rate that was the fastest in 19 months in June. Growth in hourly pay rates also quickened since May, and reached a six-month record.
...as candidate availability continues to decline
The pool of available candidates for both permanent and temporary roles continued to shrink markedly in June. While the number of permanent candidates fell at a slightly softer pace than in May, the supply of temporary labour deteriorated at the quickest rate in 18 months.
On a regional basis, Scotland noted the sharpest growth in permanent placements, followed by the Midlands. The weakest rate of expansion was recorded in London.
Scotland saw the strongest upturn in temp billings of all monitored UK regions in June. Nonetheless, all of the remaining regions also noted marked rates of expansion.
Private sector staff demand continued to rise sharply at the end of the second quarter. This was despite a slight moderation in demand growth for permanent staff across the private sector. Meanwhile, the number of temporary vacancies in the private sector increased at a slightly faster pace.
Demand for staff also increased in the public sector in June. Data indicated that demand growth was similarly strong for permanent and temporary roles, with the rate of increase picking up in the former, but slowing for the latter.
Hotel & Catering pipped Nursing/Medical/Care to place in the top spot for demand for temporary staff in June, with demand growth sharp for both job categories. The weakest increase in demand was seen for Executive/Professional roles.
Tom Hadley, REC Director of Policy says: