Monday, 19 May 2014

Employment market is now in a state of prolonged growth

The latest Reed Job Index has revealed that growth in permanent jobs is outpacing the temporary and contract job market as new vacancies in April rose by more than 28% on last year. It also showed that growth is being seen throughout the UK with growth of 16% or more in every region of the UK, Jobs in the construction industry have shown dramatic gains.

The report demonstrates the almost complete confidence that UK employers now have to feel safe to invest in people for the future health of their companies.

So far in 2014, the number of permanent jobs available has grown by over 21% compared to the 2013 average. At the same time, temporary jobs and contract positions have both risen by 16%. 

The Reed Job Index of new vacancies, stands at 196, up from 153 in April last year (the baseline is 100).

In April 2014 compared to April 2013, figures have shown that new jobs in the UK have grown by 28% year-on-year, with the Construction & Property sector up by 65% in the same period. 

Pinnacle Consulting has noticed that manufacturers and distributors of building and construction products have started to heavily invest in all areas of their business, including construction sales positions, in order to keep up the the increase in housing and construction projects.

James Reed, Chairman of, reacted to the latest news:

"We've seen a marked rise in the creation of permanent jobs since the start of the year, as employers gain confidence and make long term growth plans for their businesses.

"Whilst there continues to be much debate about zero-hour contracts, this shouldn't hide the good news that UK employers are increasingly committed to recruiting permanent staff as the recovery takes hold. Candidates entering the market now have a wider choice of vacancies than at any time in the last five years.”

The news is good for the whole of the country but there was some disappointing news in the report as it was revealed that salaries are still not increasing and are lower than the rise in the cost of living. Is the time now right for salaries go up? Read our article where we ask should we all be saying "Please Sir, I want some more..."

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