The latest Recruitment and Employment Confederation / KPMG Labour Market survey is published today. It evidences the number of people securing permanent employment rising at its fastest rate in 6 months. Permanent hiring grew to 57.4 on January’s index (anything above 50 represents growth), up from 54.9 in December (no surprises here, December has always been a slow month for permanent hires). The previous high had been 56.3 in August 2010.
The number of people securing permanent employment has been rising for 18 months. What this report doesn’t tell us is what percentage of these hires are full-time versus part-time. However the number is growing. Sure, if you are out of work it is not growing fast enough, but it is growing. Sure we have yet to feel the impact of the Governments Austerity measures on public sector employment, but the number of people gaining permanent jobs is growing and has been for 18 months.
So who is hiring? IT, Accounting, Engineering and Construction were highlighted as those sectors growing permanent hires at the fastest rate and in the highest numbers. Boardroom Hiring was also evidenced as on the increase. So business is hiring.
The more we hear about a jobless recovery, the more we are likely to have one. The more people hear the economy is weak, the less confidence they have to hire. I am not suggesting that the media should lie ( heaven forbid! ) I just think more attention, column inches and air time needs to be given to the positives when they appear.
On the strength of this survey, there is good news to be found in the employment market. Lets not hide our light under a bushel. We don’t know for how long it may last but for now, shout it loud, permanent employment is rising at its fastest rate in 6 months. Long may this trend continue.