The Recruitment and Employment Confederation (REC) releases its monthly Report on Jobs this morning. The research panel is made up of 400 recruitment agencies from across the UK. The report identifies the trends across the UK labour market.
Below are some of the key findings:
- Sharp rise in salaries - more than a fifth of all recruitment consultancies reported higher average starting salaries for permanent staff, which they linked to skill shortages amongst available candidates, average pay rates for temporary and contract staff also rose for the twenty-first consecutive month in February
- Unemployment continues to fall - the number of people registered as jobless and seeking work at UK job centers fell to 813,200 in January, from Decemberís figure of 824,200
- Skills Shortage = labour market stagnation - vacancies not being filled because the pool of labour does not have the skills that UK business requires.
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The Recruitment and Employment Confederation releases its monthly Report on Jobs
The research panel is made up of 400 recruitment agencies from across the UK
