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Insight & Opinion

Job creation his 15-year high in November

Author: Gemma

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The number of employment opportunities created in the UK in November was equal to the fastest rate recorded in the last 15 year.

A survey of some of the leading recruitment agencies in the nation revealed the growth in job vacancies hit levels in November that were last witnessed in 1998, with positions increasing in the engineering, nursing and care workers sectors.

Markit’s report, which is sponsored by the Recruitment and Employment Confederation and KPMG, revealed that both permanent and temporary vacancies increased rapidly in November, ahead of the expected and traditional Christmas rush.

Bernard Brown, partner and head of business services at KPMG, said that a significant change in sentiment has been witnessed during 2013, with businesses in the UK becoming much more confident about the future following “five years of pain”.

Despite the rise in demand for experienced staff, the availability of candidates to fill the available roles fell in November, to continue a recent trend.

These figures have been backed up by others from the Office for National Statistics (ONS), which announced that the current unemployment rate in the UK stands at 7.4 per cent, its lowest point since the period of February to April 2009.

The government organisation stated that the number of unemployed people in the UK had dropped by 99,000 in the three months to October. The total figure now stands at 2.39 million.

People claiming Jobseeker’s Allowance has also fallen during November to 1.27 million, a reduction of 36,700, highlighting that more people are getting themselves back to work.

A further report published by accountants BDO revealed that business confidence is growing in the UK, with the forecast for a robust period in the early part of 2014.

Peter Hemington, a partner at BDO, said that with economic recovery in place, the government needs to focus its efforts on improving conditions and tackling issues that are holding back businesses.

 

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