Employers Still Recruiting Despite Economy, Figures Show
Written by Geoff Newman on 08/09/2011
British employers have not stopped taking on new staff, new figures have revealed, despite the foreboding economic situation.
Figures gathered by professional services firm KPMG and the Recruitment and Employment Confederation (REC), have shown that permanent and temporary staff appointments held steady in August. Vacancies did, however, grow at the slowest rate in the last nine months.
KPMG's head of business services, Bernard Brown, said that the employment and recruitment market was heading into quite an uncertain period and would be monitored very carefully over the next few months.
"Although the jobs market has held up relatively well, it remains in the summer doldrums and, worryingly, there seem to be early signs of trends similar to those of 2008," said Brown, "Whether this is a blip or a return to a familiar and unwelcome pattern will emerge over the next few months."
The REC's Kevin Green said that the continuing recruitment being carried out by companies did give a certain amount of cause for optimism, in light of the difficulties being presented by other economic factors.
"In the face of a slowing economy, falling consumer confidence and high inflation, private sector employers continue to hire staff," he pointed out. "The numbers are lower than three months ago but placements continued to rise in August, which was the 25th consecutive month of growth."