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KPMG Optimistic Over Job Growth in the United Kingdom
November 11, 2012
A joint report from KPMG and the Recruitment and Employment Confederation (REC) found that job growth in the United Kingdom grew at the fastest pace in nearly a year and a half. KPMG said that this is encouraging news for the economy and everyone looking for work.
The report found that both permanent and temporary positions increased last month. Employers had cut permanent positions during each of the previous four months. The increased headcount in October is an indication that the job market may be turning the corner.
The study also found that employers reported more vacancies than any month since June 2011. This could be an encouraging sign for many discouraged job seekers. However, it could also be a sign that employers are struggling to find qualified employees to fit their needs.
Kevin Green, leader of the Recruitment and Employment Confederation, said that the increase in temporary positions should also be encouraging. This is a sign that employers recognize the need to maintain flexibility in their workforce. They will likely induct temporary workers before promoting them to full-time status later on.
Bernard Brown from KPMG said that the news is encouraging, but isn’t a sign that the job market has fully recovered. However, Brown stated that people will need to understand that the economy is still not faring well and a sustainable jobs recovery may not reverse that anytime in the near future.