Finally, things are looking up in the private sector according to a joint report published yesterday by the Recruitment and Employment Confederation and KPMG auditors.
Recruitment agencies across the UK reported that October has seen the highest level of job vacancies in over 17 months for both permanent and temporary staff. The Chief Executive of the Recruitment and Employment Confederation, Kevin Green, feels that these figures indicate that UK unemployment will not hit the 3 million mark as has been anticipated by many to happen in the first quarter of 2010.
They also report that although wages have experienced a slight drop in the past month, this level is now slowing down in comparison with previous months. This suggests that the economy is starting to stabilise.
Although the biggest demand, the report states, was for medical staff and care workers in October, there were increased vacancies within the service (private) sector. However, while this is good news for the private sector, KPMG warn that the public sector will soon be facing the effects of a recession with the election of a new parliamentary team and the proposed public sector cut backs.
But, for struggling job hunters in the private sector, this report is optimistic news!