Last week’s the Office for National Statistics confirmed that the UK remained in a double dip recession after the latest GDP figures showed that output fell by 0.7% between April and June. However, despite this continued economic slump, many recruiters are reporting that the UK jobs market is beginning to pick up.
After a number of recruiters reported positive signs in the temporary jobs market this week, which have been added to by further reports from job site Reed. The ‘Reed Index’ saw a 2.5% rise in job vacancies from June to July, which their managing director Martin Warned described as “encouraging”.
He said; “Our figures are based on real vacancies from employers across the UK and represent a true picture of what’s happening in the job market right now; they also show that the economy may be in healthier position than other macroeconomic indicators, such as the recent GDP numbers, would suggest.”
The ONS figures suggested that a sharp slowdown in the construction sector had been one of the main contributors to poor GDP, and recruiters had also found that the financial services sector has contributed to decline. So whilst the UK jobs market as a while picks itself up, it is important that areas such as the IT sector continue to lead the way in order to outweigh decline elsewhere.
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