Is the economy showing signs of recovery?

In a recent survey Tate, specialists in office recruitment, asked its clients and candidates, ëin their opinion is the economy showing signs of recovery?í

67% of them said they believe it is, which is in agreement with recent business reviews that are increasingly optimistic that growth will return around the end of this year.

This is also seconded by the RECís and KPMGís latest survey showing there are signs of recovery now beginning to appear in the labour market.

Jo Edwards, Tate Managing Director, says ìAlthough the movement in the market is marginal, it is now heading in the right direction and businesses that accelerated their strategic initiatives to defend against market fall, will see the benefits once the recession has endedî.
Both permanent and temporary staff appointments during August have shown the first positive signs of recovery in the job market, albeit only marginal, and signals a return to growth, according The Report's findings. This marks the first growth of permanent appointments for 17 months and the first increase in temp billings since July 2008.

It is too early to speculate if this signals the end of the recession as recruitment consultants still reported another month of declining pay rates in August and the availability of candidates to fill job vacancies continued to rise.