RESULTS ARE IN FROM THE REC/KPMG’S OCT ’14 ‘REPORT ON JOBS’
This months guide to the UK labour market, showed these key points:
- Permanent appointments growth still strong in October, despite easing
- Pay growth moderates
- Staff availability continues to decline markedly
Permanent staff placements continued to rise in October, extending the current period of expansion to 25 months. However, the rate of expansion was the slowest since November 2013. The number of vacancies available to candidates seeking work also increased further in October, the rate of growth eased to a 10-month low.
October data pointed to slower growth of staff pay. Permanent staff salaries increased at the weakest rate since February, while temporary/contract staff pay growth eased to a five-month low. Engineering remained top of the ‘league table’ in terms of demand for permanent staff during October, marginally ahead of IT & Computing. The slowest growth was signalled for Hotel & Catering employees.