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Private sector drives UK jobs growth in July

Aug 21
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Private sector drives UK jobs growth in July

UK jobs growth continued to swell in July this year, figures published by the Recruitment & Employment Confederation (REC) have revealed.

New data published as part of the latest Markit/REC Report on Jobs has shown staff appointments increased at their fastest rate in 27 months during the month. Meanwhile, a marked decline in staff availability has resulted in considerable upward pressure on pay.

Recruitment agencies across the country highlighted the joint-strongest rise in demand for staff of the past 23 months - matching levels last witnessed in May 2017. Overall, July's results revealed the engineering, accounting/financial and IT sectors all continue to make large contributions to UK jobs growth.

However, the report did showcase a number of regional variations in levels of jobs growth. The Midlands recorded the strongest performance, but was closely followed by the north of England. At the same time, the UK's weakest increase in private sector appointments was recorded in London, where growth softened to an eight-month low. 

Across the country, the report concluded that demand for staff in the private sector continued to outpace that of the public sector in July.

Responding to the research, REC chief executive Kevin Green said: "The jobs market continues to confound expectations with both permanent and temporary placements growing at the fastest rate for over two years. Starting salaries are also still rising, so for workers who want to boost their earnings now is a good time to consider moving job. 
 
"It's clear that employers are having to work even harder to fill jobs as vacancies rise and candidate availability shrinks. UK employment remains at an all-time high and looks set to keep improving."

With Brexit on the horizon, Mr Green noted that the parts of the economy most reliant on EU labour are coming under more pressure as an increasing number of these workers return to their home countries.

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: sturti via iStock

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