Positive news has come in today from the REC (Recruitment Employment Confederation) our governing body on the economy and the current market!
Recent figures are reported that there are only 2.5 million unemployed at present against the predication of 4 million and largely thanks to the active work that employment agencies are putting in to support the economy. So love us or hate us, we are obviously contributing to the success and expansion of organisations across Europe!
The current labour market has grown by .5% in Q3 and the OBR forecast for the year is 2.4%. The economy is now past any previous peak with 31.12 million in work and our employment rate is 73.6% which is second best in the World to Germany who are currently on 74%. Unemployment fell from 6% to 5.4% over the last year. However a note to those recruiting in the near future is that there is now a skills shortage in over 60 areas, construction, chefs (despite the popularity of TV food related programmes), factory staff and engineering being amongst the highest!