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Permanent placements increase at the slowest rate for 22 months

Both Permanent and temporary placements increased at their slowest rate for months during June 2011, according to a new report.

The Recruitment and Employment Confederation (EC) and KPMG report on jobs found that while temporary placements were at their slowest for eight months, permanent placements reached their slowest in nearly two years (22 months)
Kevin Green, Chief Executive of the Recruitment & Employment Confederation says:
“Jobs growth has slowed to a 22 month low but we remain optimistic the private sector can absorb public sector cuts.
“Although there has been a deceleration in the rate of growth, the UK jobs market is resilient and we are not expecting a double dip in employment. Recruitment consultants reported an overall increase in the number of people placed in permanent jobs in June. This ties in with last month’s official jobs figures and means that we have now seen 23 months of continued expansion in permanent job placements”.
Bernard Brown, Partner and Head of Business Services, KPMG, comments “there has been a marked deterioration in the UK jobs market with permanent placements growing at their weakest rate in almost two years.
“Employers across all sectors are very cautious about hiring new staff – and a quick job recovery in the UK now looks increasingly uncertain”.