Commercial Finance People recruitment consultants and contributors to KPMG’s monthly ‘Report on Jobs’ (see link at page footer) is experiencing a slight slowing down in numbers of vacancies in June/July (pipeline), despite experiencing an 8 year high in new starts for July 2010. The slowdown is predictable given the start of the holiday season and matches previous trends.  Nonetheless, numbers of vacancies continue to show a marked improvement on the last two years.

Key points from June survey:

• Further strong rise in permanent staff placements, albeit slowest in five months
• Growth of temporary/contract staff billings eased to seven-month low
• Engineering/Construction most sought-after staff category
• Improvement in candidate availability
• Wages and salaries continued to rise

Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG said:

“Demand for workers across all sectors continued to rise in June. Clearly, the proposed public sector cuts have not yet had an impact on the UK jobs market. However, it can now be only a matter of time before we will start to see the impact of the government’s efficiency savings strategy which is likely to leave hundreds of thousands of public sector workers looking for employment. The big challenge will be to transfer as many of these jobs as possible to the private sector through outsourcing and divestment, otherwise the economy will be put under enormous pressure at all levels.”

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Re-printed with kind permission of Markit

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