Recruitment News

Autumn outlook is positive

Autumn outlook is positive

The summertime lull and falling confidence in the global economy are to blame for a nine per cent month-on-month drop in job vacancy levels in August, according to Adecco.

The latest job watch figures from Adecco indicate that while vacancies fell 9% on the month, the banking, insurance and finance sector saw the greatest fall in job vacancies at 16 per cent.

Most employers are still looking to take on additional employees in the next three months though. A survey by the Recruitment and Employment confederation (REC) found that 53 per cent of employers are looking to add permanent staff over the next three months. This figure is down from 67 per cent last month.

The news for temporary staff appears to be more positive. Overall 86 per cent of employers are planning to maintain or increase their number of temporary staff over the next twelve months.

Commenting on the current data, Roger Tweedy, the REC’s Director of Research said: “...employers are still looking to build flexibility into their workforces while an overall air of uncertainty prevails in the jobs market.”

Steven Kirkpatrick, Managing Director, Adecco, says: “While activity levels in Adecco continue to remain high, with an encouraging number of vacancies coming through and being filled quickly, the wider UK jobs vacancy statistics show a different picture.”

Looking at all of the numbers, it appears that the job market is contracting and that the cause of this extends beyond the traditional summer lull.

The good news is that 53 per cent of companies are looking to add staff in the next three months. As the job market has room to slow further though, the best time to take job search action is now.

Posted on 17th Oct 11

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