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KPMG Reports Mixed Findings on UK Job Market
October 10, 2012
New reports from KPMG, the Recruitment and Employment Confederation and a renowned employment website have shown conflicting predictions of the UK job market. According to this research, job growth may be increasing throughout the country. However, there is also increased competition for existing jobs at the same time.
KPMG has reported that permanent job placements have fallen slightly over the past month. At the same time, the number of vacancies has increased by more than 5% over the last quarter from last year. This suggests that employers are likely to increase headcounts in the coming months. Job growth may have slowed modestly over the month of September, but the overall trend is still encouraging.
Representatives from totaljobs.com said the employment situation in the UK will remain dire for some time to come. They said that many people have clearly been forced to work part-time jobs. Many of these employees are competing for new full-time jobs. Totaljobs’s study has found that the level of competition for new work is much stronger than most economists had previously predicted.
Employers have all the bargaining power in the current job market. This has made it more difficult for many workers to negotiate the salaries they want.
The market for new jobs appears encouraging in the coming months, but the amount of competition may continue to be more fierce.