The February “Report on Jobs” synopsis…
Renewed fall in permanent placements…
Recruitment consultants registered the first drop in permanent staff
appointments for two-and-a-half years in January amid concerns
over Brexit and a further deterioration in candidate availability.
Temp billings meanwhile rose at the joint-slowest pace in the current
…as staff vacancies expand at
Although demand for staff remained strong at the start of 2019, overall
vacancies increased at the slowest pace for 27 months. Notably, softer
increases in demand were signalled for both permanent and temporary
workers in January.
Candidate supply falls at quickest pace for 20 months
The number of people available to take up new roles continued to
decline sharply in January. Shrinking labour supply was often linked
to high employment in the UK, as well as hesitancy among potential
candidates to move roles amid Brexit-related uncertainty.
Pay pressures remain historically sharp
With vacancies rising and labour supply falling further, starting pay
continued to increase sharply in January. Notably, permanent starters’
salaries and temp wages both rose at historically strong rates.