17 Jul, 2019

ONS labour market statistics, July 2019

17 Jul, 2019

Recent report shows a slip in permanent placements

The UK employment rate was estimated at 76.0%, higher than a year earlier (75.6%); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018.

Tom Hadley, Director of Policy and Campaigns at the Recruitment & Employment Confederation, said:
“Today’s ONS figures show a strong and robust labour market, with high employment and pay continuing to rise. The overall picture remains positive – an economy that provides opportunity to millions. This is good news, but it should not be taken for granted.

“The declining number of vacancies continues to act as a warning sign. Our own Report on Jobs data shows a slight decline in permanent placements, as employer confidence and investment decisions remain stunted by Brexit uncertainty. At the same time, the challenge in sectors as wide-ranging as technology, healthcare and hospitality continues to be finding candidates to meet demand from employers.

“As we are set to see big changes at the top of government, the new PM and his cabinet must ensure that protecting and enhancing the UK jobs market is at the top of the agenda. This includes an open immigration system for businesses to attract the talent they need and ensuring that more workers have access to skills training and progression opportunities.”

Credit: https://www.rec.uk.com/news-and-policy