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Private Sector Job Vacancies rise in January
IronWolf
Posts: 6,445 Forumite
The economy may have "shrunk" but the private sector is still hiring at the highest rate for over a year.
Not looking so doom and gloom afterall.
January sees rise in private sector job vacancies
Reed found that the number of private sector vacancies rose across all regions
Private sector job vacancies rose steeply in January, but salaries were flat, according to a survey from the UK's largest recruitment website.
The Reed Job Index rose 9 points to 113, the highest since the index was started in December 2009, when the baseline was set at 100.
Private sector growth is behind the rise, as new public sector jobs were less than half the level of a year ago.
The index is drawn from Reed's list of daily vacancies from 8,000 recruiters.
Reed said job creation rose across all areas of the UK, but that salaries were flat and were 1% below levels a year ago, further lagging behind inflation.
Sectors seeing particularly strong rises, though, were engineering and manufacturing, two areas benefiting from a rise in exports.
The scientific sector also gained sharply, as did financial services.
Two UK regions that had struggled with job creation, North East England and the West Midlands, have 20% more private sector job vacancies than when the index started in December 2009.
Real-term salary rises appear in just 10 out of the 35 job sectors Reed analyses. The salary index edged above 100 in retail, training, banking, hospitality, marketing and accountancy.
Martin Warnes, managing director of reed.co.uk, said the January data shows that confidence among private sector employers is growing.
"While there may be economic challenges ahead, this is encouraging news for the UK economy," he said.
http://www.bbc.co.uk/news/business-12311019
Not looking so doom and gloom afterall.
January sees rise in private sector job vacancies
Reed found that the number of private sector vacancies rose across all regions
Private sector job vacancies rose steeply in January, but salaries were flat, according to a survey from the UK's largest recruitment website.
The Reed Job Index rose 9 points to 113, the highest since the index was started in December 2009, when the baseline was set at 100.
Private sector growth is behind the rise, as new public sector jobs were less than half the level of a year ago.
The index is drawn from Reed's list of daily vacancies from 8,000 recruiters.
Reed said job creation rose across all areas of the UK, but that salaries were flat and were 1% below levels a year ago, further lagging behind inflation.
Sectors seeing particularly strong rises, though, were engineering and manufacturing, two areas benefiting from a rise in exports.
The scientific sector also gained sharply, as did financial services.
Two UK regions that had struggled with job creation, North East England and the West Midlands, have 20% more private sector job vacancies than when the index started in December 2009.
Real-term salary rises appear in just 10 out of the 35 job sectors Reed analyses. The salary index edged above 100 in retail, training, banking, hospitality, marketing and accountancy.
Martin Warnes, managing director of reed.co.uk, said the January data shows that confidence among private sector employers is growing.
"While there may be economic challenges ahead, this is encouraging news for the UK economy," he said.
http://www.bbc.co.uk/news/business-12311019
Faith, hope, charity, these three; but the greatest of these is charity.
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Comments
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Nice bit of PR by Reed.the highest since the index was started in December 2009, when the baseline was set at 100
Highest rise since the survey started 14 months ago. Well probably 13 months ago as it was between Xmas & New Year when they had a load of consultants sitting around doing nothing that someone thought it was a good idea.the highest since the index was started in December 2009, when the baseline was set at 100
The other thing is Reed do not have enough coverage in the UK to produce anything accurate so must rely on their internet website with ads that mostly come from other agencies who use it because it free.
More than likely the other agency recruitment consultants have been told by their bosses to really go for it in 2011 hence a load of adverts for every man & his dog on the site whether they are existing vacancies of filled vacancies or chats with their clients about what the requirements might be they had in December. No doubt Reed reactivated a lot of expired positions on it after asking their clients "might you want one of these next year at some stage".
In short. Its a bullsh!t survey.
Cheers for the post but that is my verdict & anyone who questions it is wrong.
Not Again0 -
Just like the guy who, last week, was saying that graduate employment rates were looking better, Mr Warnes is also surely not taking into account the latest GDP figures and their effect on business confidence going forward from here.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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worldtraveller wrote: »Just like the guy who, last week, was saying that graduate employment rates were looking better, Mr Warnes is also surely not taking into account the latest GDP figures and their effect on business confidence going forward from here.
No business is stupid enough to base their hiring/firing on GDP growth.Faith, hope, charity, these three; but the greatest of these is charity.0 -
1984ReturnsForReal wrote: »Nice bit of PR by Reed.
Highest rise since the survey started 14 months ago. Well probably 13 months ago as it was between Xmas & New Year when they had a load of consultants sitting around doing nothing that someone thought it was a good idea.
Doesn't really matter what baseline they take, its the highest for 14 months regardless.
The rest of your post is just speculative reasoning to suit your point of view
Faith, hope, charity, these three; but the greatest of these is charity.0 -
Doesn't really matter what baseline they take, its the highest for [STRIKE]14[/STRIKE] 13 months regardless.
The rest of your post is [STRIKE]just speculative reasoning to suit your point of view[/STRIKE] based on well informed knowledge & experience & is absolutely 100% no doubt correct
Thanks.
Thought you would agree
Not Again0 -
No business is stupid enough to base their hiring/firing on GDP growth.
Who said that they did? However, GDP growth rates are naturally one of the factors that have an effect on business confidence and thereby hiring & firing rates within many companies.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »Who said that they did? However, GDP growth rates are naturally one of the factors that have an effect on business confidence and thereby hiring & firing rates within many companies.
Individual businesses make their own judgements based on their experience and knowledge, they don't use GDP figures.Faith, hope, charity, these three; but the greatest of these is charity.0 -
I heard Tesco's hiring, if you fancy stacking shelves and so to is McDonalds if you can flip a burgerHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Individual businesses make their own judgements based on their experience and knowledge, they don't use GDP figures.
With respect you're not reading my posts. I didn't say that they solely (as implied by you) use GDP figures. I stated that GDP figures are a factor in general business confidence (or lack of) and that will have an effect on employment rates within many companies.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
I heard Tesco's hiring, if you fancy stacking shelves and so to is McDonalds if you can flip a burger
Nothing wrong with either as a career path. We just need property prices in Mayfair to come down so these people can afford a place at 3x their wages.
Down 99.87% by Christmas is my prediction.0
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