Signs of improvement in jobs market

10/09/2009

There were tentative signs of improvement in the UK's jobs market last month, with "marginal" increases in both permanent and temporary recruitment, according to a new report.

According to the August Report on Jobs from the Recruitment and Employment Confederation (REC) and KPMG, this was the first rise in permanent appointments in 17 months.

The study said temporary jobs also increased for the first time since July 2008.

REC chief executive Kevin Green said the figures suggest employers are becoming "more confident in their hiring decisions".

KPMG's Bernard Brown added that while the increase in appointments is "really positive news" for UK jobs, it is too early to tell if it signals the end of the recession.

According to research from Nationwide, Brits felt more upbeat about the current and future employment market in August, partly because of a drop in the number of large-scale redundancies announced during the month.

The number of people who believe there will be more jobs available in six months' time increased from 20 per cent in July to 23 per cent in August.

There have been further signs of improvement in the economy, with Halifax reporting that house prices rose for the second consecutive month in August.

Average values climbed by 0.8 per cent to £160,973.

Tags; Income Worries and Debt, Young Family Finances, Recent Graduate Debt,

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