UK Permanent Job Placements Rise Sharply In October

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UK's permanent and temporary staff appointments increased sharply in October, the Report on Jobs revealed Wednesday. Growth of permanent staff appointments accelerated to a two-year high in October.

The Report on Jobs is a monthly publication produced by Markit Economics on behalf of the Recruitment & Employment Confederation and KPMG.

Demand for permanent staff rose for the first time in seventeen months, while demand for temporary staff climbed after reporting a slight gain in September. Meanwhile, permanent salaries fell marginally, which was the slowest pace in the thirteen-month period of decrease. Temporary staff pay also registered a weaker drop in October.

Further, the report showed that availability of staff to fill job vacancies continued to increase in October. But, the rates of improvement in both permanent and temporary staff availability eased to the least marked in fifteen months.

"Based on the latest findings, we anticipate that unemployment will not reach 3 million in 2010 as some predicted. This again highlights the benefits of the UK's flexible labor market and a balanced attitude towards employment legislation in terms of keeping people in work," Kevin Green, Chief Executive of the REC said.

UK's permanent and temporary staff appointments increased sharply in October, the Report on Jobs revealed Wednesday. (Market News Provided by RTTNews)