The Markit/REC Report on Jobs – published today – provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
- Permanent placements increase at quickest pace in three months
- Temp billings growth remains steady
- Permanent salaries rise at stronger rate but temp pay growth eases
Permanent placements growth at three-month high
February data pointed to a further increase in permanent staff placements. The rate of expansion quickened slightly, reaching a three-month high. Temp billings meanwhile rose at the same pace as in January.
Stronger rise in demand for staff
The level of available job vacancies continued to rise in February. The rate of growth was marked and the fastest in six months. Demand for permanent staff continued to show a stronger trend than that for temps.
Slower fall in candidate availability
The availability of staff for both permanent and temporary/contract roles continued to decline in February. However, rates of decline eased in each case to the slowest in at least two years.
Sharper increase in permanent salaries
Starting salaries for successful permanent candidates rose at the fastest pace in three months during February. However, temp pay growth eased, hitting a 33-month low.
Regional and sector variation
Permanent placements rose across all four monitored English regions, with the Midlands posting the fastest increase. The slowest growth was reported in London.
The Midlands led a broad-based increase in short-term billings, with the slowest growth indicated in the South.
Private sector vacancies continued to register a stronger trend than public sector roles in February. The sharpest rise was seen for private sector permanent employees. By contrast, public sector permanent staff recorded only a marginal increase in demand.
Nursing/Medical/Care remained the most in-demand category for permanent staff during February, with Engineering in second place. The slowest growth was indicated for workers in the Hotel & Catering sector.
Demand growth was broad-based for all nine types of temporary/contract staff in February. Nursing/Medical/Care was the most sought-after category, mirroring the trend seen for permanent staff.