October 2007 Job Creation Index (JCI) figures released 45,614 positions created

Over 45,614 jobs were created across the UKís 21 key industries in October 2007. This figure is up by 31 per cent when compared to job creation in October 2006.

The JCI figures are determined by comparing the number of jobs created within UK industrial sectors each month with the number of jobs created for the corresponding month in the previous year. The JCI figure shows individual industry performance, measured as a percentage above or below the number of jobs created from a year ago. From these figures, the following trends have been highlighted:

Septemberís Front Runners
Health and social care ñ An outstanding month for this sector following investment by the NHS for 3,700 psychological therapists. This sector tops the Job Creation Index with a positive score of 13097

Print and paper ñ An impressive month predominantly due to BGPís new 25m printing development in Bicester resulting in a JCI score of 660

Building and Construction ñ An extremely strong month with the highest score in terms of absolute increase in the total number of jobs created due to huge investment by oil refineries

Septemberís Chasers
Textiles ñ The second month running this sector has been in the bottom two of the JCI table with a negative score of -75
Telecommunications ñ Job creation is down in telecommunications with a negative score of ñ58

Ren Schuster, CEO Adecco Group, UK & Ireland, said, ìJob creation for all industries and in particular for finance and banking was surprisingly robust given the credit crunch and the Northern Rock situation. In fact, demand in temporary recruitment has actually increased. The typical summer lulls in demand never manifested on the temporary side.î

Schuster continues, ìAs we reach the end of the year, recruitment in most sectors is looking healthy and in finance the major banks are reasonably positive about recruitment levels in to 2008 although the news this week of losses from Merrill Lynch and UBS may cause a little concern to the rest of the market.

Philip Arnold, director of Mandis commented: ìThe JCI has increased overall by a surprisingly healthy 31 per cent compared to the same period last year. The building and construction sector which was very buoyant last month, registered the best performance in absolute terms with an increase in the total numbers of new job creation improving by more than 6,000 when compared to the same time last year.î

Arnold continued: ìFinance and banking was surprisingly robust given the credit crunch and the Northern Rock situation, it produced an 80 per cent increase, or an absolute increase of 679 new job creation intentions. Overall this has been an extremely strong month with a number of sectors job creation rates redeeming themselves from the same period last yearî

The Mandis / Adecco Job Creation Index is the ongoing monthly tracker of UK jobs created across 21 industries in the UK that enables year on year monthly comparisons. This ëliveí data is gathered via research during each month into the employment intentions of a representative sample of over 2000 UK organisations, providing a key, up-to-date indicator on economic performance and confidence across the sectors. The monthly study is conducted by Mandis Business Intelligence and sponsored by Adecco, the UKís largest recruiter.