Despite the belief that the London Olympic Games will generate a temporary jobs boost for UK workers, the REC’s recent report on jobs has found that both temporary and permanent job appointments have fallen at the fastest rate for three years.
This month’s joint report from the REC and tax advisors KPMG said that as well as temporary and contract billings being down for the seventh month running, this month also represented the fastest rate of decline since July 2009.
Whilst there was still growth in the demand for temporary and per
manent staff, it was the weakest increase in five months, with the temporary market also only rising fractionally faster than the permanent market.
Once again IT and computing, along with engineering and construction were the strongest sectors; though they performed better in regards to permanent jobs than temporary or contract roles. Overall REC chief executive Kevin Green called the figures “disappointing” and expects to see further repercussions in future unemployment figures, with Bernard Brown of KPMG suggesting that UK unemployment could reach 3 million people in the not too distant future.
Mr Green continued that employer confidence is still fragile, and expects a zig-zag pattern of good and bad months as the economy makes slow progress to move out of recession. However he said that it was not “uniform across all industries”, repeating that IT contractors and other skilled workers such as engineers and nurses are also currently in demand.
ICS are one of the leading contractor accountants and administration companies and have helped thousands of contractors working in a range of industry sectors. You can contact us now for a tailored proposal based on your individual circumstances as a contractor