After being hit with an early spring slump, the recruitment sector has picked up once again. According to data published by the Association of Professional Staffing Companies (APSCo), the number of recorded job vacancies has risen by 19% compared to recent months. This news will be warmly welcomed by professionals within the industry as this means that a 35% growth has been witnessed since December 2011.
The statistics also reveal a 17% increase in the permanent sector which was heavily driven by the Finance and Accounting and IT sectors. Finance and Accounting saw a 27% month-on-month rise in vacancies, while IT sector placements and vacancies have grown by 26%.
It’s more bad news for the banking sector unfortunately as this industry has been one of the worst performing in nearly every region and for almost every job type in the UK. However, there is good news for lawyers as APSCo’s new data reveals that legal salaries are up by 14.9% compared to this time last year – the highest climb of any jobs category over the previous 12 months.
As the recruitment market is a crucial indicator for the performance of the UK’s broader economy, the growth in this industry is good news for the whole country. If recruitment continues to pick up then a salary bounce-back shouldn’t be too far behind either.
How do you think the recruitment industry compares to this time last year? As an employer do you have more or less vacancies to advertise? Alternatively, if you are looking for a job, do you find it’s getting easier or more difficult? Let us know your thoughts below.