placeholder
Stuart Gentle Publisher at Onrec

REC responds to labour market statistics

Commenting on today’s publication of labour market statistics by the Office for National Statistics (ONS), which shows the unemployment fell to 4.6 per cent in the three months to March, the lowest level since 1975, Recruitment & Employment Confederation chief executive Kevin Green says:

“This is more evidence of the growing skills crisis in the UK, and backs up the REC’s data showing falling candidate availability.

“With real wages now falling, the main way to secure a pay rise is to move jobs. Recruiters are reporting that starting salaries continue to increase as employers offer pay incentives to attract the talent they need. At the same time, signs that the economy is creaking could be putting some people off from moving jobs and taking the associated risks. 

“Whichever party forms a government after 8 June will have to get to grips with multiple challenges to keep the jobs market on course. Addressing the skills shortage needs to be a priority, because businesses will suffer if they are unable to fill vacancies. We need serious investment in skills for UK jobseekers, as well as an approach to immigration which is agile and pragmatic enough to meet labour market needs.  

www.rec.uk.com