Recruitment slows to lowest rate for 14 months
The latest Report on Jobs from the Recruitment & Employment Confederation (REC) and KPMG indicates that October saw the slowest rise in staff placements for 14 months.
Last month REC chief Kevin Green warned that the jobs market was 'starting to flatline' . In response to the lastest Report he commented: " These figures show that employer confidence remains fragile and that the double dip in employment we forecast last month remains a possibility. The role of job creation now rests solely with the private sector and the Government must do all it can to facilitate this process."
Bernard Brown, partner and head of business services at KPMG, said that the overall outlook for the UK job market had deteriorated in October explaining: " Several factors are contributing to the worrying trend: many public sector organisations have now started redundancy programmes or at least imposed hiring freezes and at the moment the private sector is not creating new jobs in sufficient numbers to offset this public sector downturn. Further, employers across all sectors are more wary about taking on new staff"
But it's not all doom and gloom - professional staff continued to record the strongest growth (while secretarial and health sectors registered the slowest growth) and at Lexington Gray we continue to see strong interest from law firms keen to hire lawyers with excellent qualifications and experience on fixed-term contracts while they assess the market and wait to see if we are going to experience a double dip recession. A flexible approach is a definite asset in these turbulant times.
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