Job Vacancy growth at 15-year high
09/12/2013
The rate in which job vacancies are growing has hit the fastest levels in 15 years according to the job vacancies index, which uses data from 400 recruitment firms, whilst the report also shown that salaries for permanent staff were also rising at the highest level of six years.
The news further supports growing consumer and business confidence that the UK economy is beginning to show signs of a sustained long-term recovery, something that some opinion leaders had previously cast doubt upon. Additionally, a separate report on business trends by accountants BDO backed up growing confidence in the recovering economy by revealing that business confidence grew for a tenth consecutive month and that growth next year would be “robust”.
However, despite the availability of jobs growing, the availability of candidates to fill roles actually fell, although this could be due to a regular trend where the recruitment industry dips during the winter due to employees focus on Christmas as opposed to their careers.
Need Advice
If you have any questions about borrowing for a mortgage or investing for your future, please contact our financial advisers who will be happy to help.
Share this..
Related stories
European banks face major write-offs
The European Central Bank has today reported that euro zone banks are likely to be hit with a further £165 billion in write-down towards the end of 2011. Just when many people thought that the credit crunch was well and truly over and the after effects had passed through the global economy we may well need to think again. There is no doubt that the after effects of the credit crunch will be felt...
Read MoreTesco sees its strongest Christmas for three years
The long-awaited Tesco trading statement was released today showing the company has experienced its strongest festive trading period for three years. Like-for-like sales, excluding petrol and VAT, increased by 4.9% in the six week period ended 9th January. This is a very credible performance and one which surprised many analysts on the up side. However, is there more to this figure than meets the...
Read MoreClinton Cards places Birthdays chain into administration
There were cards of condolence for the 332 store Birthdays chain today with news that the company has been placed into administration by parent Clinton Cards. Birthdays is one of the best-known card retailers in the UK and was taken over by Clinton Cards back in 2004 for £46.4 million, in what was expected to be an earnings enhancing and very lucrative merger. However, the business has continued...
Read MoreIs OPEC looking to squeeze the price of oil higher?
Over the last few months the price of oil has been a major concern to governments around the world as inflationary pressure continues to grow and economic recovery in many areas of the world is put at risk. However, the price of oil is currently over $80 a barrel which is above and beyond the comfort of between $70 and $80 which many had assumed was OPEC's target. So why has OPEC yet to respond to...
Read MoreUK economic growth revised yet again
Figures from the Office for National Statistics (ONS) show that the UK economy shrank by 0.2% in the third quarter of 2009, with many analysts having forecast zero growth or even positive growth in the UK economy. While the revised figure is better than the initial estimate of a 0.4% reduction and then a second estimate of a 0.3% reduction, there had been hopes that the rebound in the construction...
Read More