The Report on Jobs published today by the REC and KPMG shows that permanent staff placements rose in August at a modest pace that was identical to that recorded in the previous month. Similarly, growth of temporary staff billings held broadly steady since July.
The key points in the Report this month are:
Further moderate increases in permanent placements and temporary billings
Growth of vacancies continues to ease
Weakest rise in permanent salaries for 22 months
Strongest rise in permanent candidate availability since January 2010
Although demand for staff continued to rise in August, the latest increase in overall vacancies was the slowest in nine months. Weaker rates of expansion were signalled for both permanent and temporary vacancies.
Permanent staff salaries increased only marginally and at the slowest pace for 22 months in August. Inflation of temporary staff hourly pay rates quickened to a three-month high, but remained weak compared with the survey’s historical trend.
Recruiters indicated another rise in the availability of staff during August. Permanent candidate supply improved at the fastest pace since January 2010,
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