Temp and permanent job placements go up by 1%, survey suggests

The permanent and temporary placements across the UK have risen by 1% each year-on-year, a recent news report by the Association of Professional Staffing Companies (APSCo) has been able to reveal.

APSCo data, which focuses on professional recruitment, found significant variations between the trade association’s core sector groups. While permanent placements across engineering and IT rose (2.4% and 19.1% respectively), placements within finance decreased by 4.6%.

Despite placements rising in December, the number of new jobs coming onto the market fell by 2%. Demand for finance and IT staff fell across both the permanent and contract arenas with the former suffering more so than others with demand for finance dropping by 14%.

Ann Swain, Chief Executive of APSCo comments:

“There is no doubt that parts of the UK jobs market has suffered in the months following Brexit – and our data demonstrates that employers continue to take a far more cautious approach to hiring. However it is not all doom and gloom with several indicators suggesting that the UK is faring better than expected following the referendum. The IMF has raised its forecast for economic growth this year, the latest Purchasing Managers’ Index shows manufacturing growth at a 30 year high, and the latest PwC survey reveals 89% of CEOs are optimistic about growth prospects in 2017 – up from 85% last year”.

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