Hot on the heels of continuing bad news about the UK economy, a new report by recruitment firm the Venn Group suggests that there was a 5.2% increase in hiring levels across the UK in the last quarter of 2012 compared to the same quarter the year before.
And although opportunities within commerce and industry have fallen by 34% in London nationwide vacancies within the private sector have jumped by 32%.
Outside the capital employment markets appear to be booming with the Midlands seeing the number of temporary vacancies increasing by 33% across all sectors. In the North East temporary employment levels have doubled.
Vacancies within commerce and industry across the UK rose by 32.8% between the latter months of 2011 and Q4 2012 which is a positive sign of nation-wide economic recovery. However, within London, employment levels in this sector have fallen 34% between Q4 2011 and Q4 2012. This can be attributed, at least in part, to a boom in activity in 2011 as companies ramped up temporary recruitment initiatives in preparation for the Olympics.
As predicted in the last edition of the Venn index, the number of positions within financial services is still in decline. Vacancies dropped 26.5% between Q3 2012 and Q4 2012 and levels now sit 34.3% below those seen in late 2011.
Once again, the temporary and interim market within the public sector is enjoying high levels of activity nationwide – in fact public sector vacancies are up by 32.9% across the UK when compared with Q4 2011.
Commenting on the results of the report, Robert Bowyer, director of Venn Group said: “As predicted in the last edition of the Venn Index, the economy is showing positive signs of recovery and temporary employment levels in the UK remain strong.
Research from the Institute of Directors suggests that there is a growing sense of economic optimism for the year ahead amongst employers and long-term confidence has also increased. Official figures also continue to point towards an acceleration of job creation.”
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