With thanks to the Recruitment and Employment Confederation for this Summary:
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.
Slower growth of staff appointments…
Permanent staff placements continued to rise in May, but the rate of expansion eased to an eight-month low. Temporary/contract staff billings growth also eased, following April’s 13-month high.
…despite robust demand for staff
Vacancies rose at a marked pace in May, with the rate of growth quickening slightly since April. Stronger increases were recorded for both permanent and short-term employees.
Pay growth moderates…
Permanent staff salary growth eased to a 31-month low in May, although remained above the survey’s historical average. Having increased at the strongest rate in almost nine years during April (partly driven by the new National Living Wage), temporary/contract staff pay posted a slower but still marked rise in May.
…as decline in candidate availability eases further
Further reductions in staff availability were signalled in May. However, slower falls were indicated for both permanent and temporary/contract staff, with the latest declines the least marked in over two-and-a-half years.
Regional and sector variation
Recruiters based in the South of England recorded the strongest rise in permanent placements during May. London was the only region where placements fell, albeit moderately.
Temp billings increased across the English regions, with the strongest growth indicated in the North.
Private sector demand for staff continued to rise at a marked pace in May, with similar rates of growth signalled for permanent and short-term workers. More modest increases in demand were signalled for public sector roles.
Engineering workers saw the strongest growth of demand for their services during May, followed by Accounting/Financial, Nursing/Medical/Care and IT & Computing. The slowest rise was reported for Hotel & Catering.
Broad-based growth of demand for temporary/contract staff was recorded in May. Nursing/Medical/Care workers saw comfortably the strongest growth of demand, while the slowest rise was indicated for Executive/Professional staff.
