Report on Jobs – Vacancy Trends 19 July 2012 Markit Economics.

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Presentation transcript:

Report on Jobs – Vacancy Trends 19 July 2012 Markit Economics

\ 2 About the Report on Jobs Report on Jobs – Vacancy Trends Compiled by Markit on behalf of the REC and KPMG Monthly survey of recruitment consultancies tracking actual conditions this month v. prior month, measuring trends in permanent and temporary markets Has been running since October 1997 Panel of 400 recruitment consultancies across the UK, targeted to accurately replicate underlying structure of industry according to agency size (turnover) and region Closely watched by recruitment industry, HR specialists, journalists, economists and Bank of England

\ 3 RoJ – variables monitored Report on Jobs – Vacancy Trends Staff placements Pay pressures Candidate availability Vacancies

\ 4 Permanent and temporary placements fell in June Report on Jobs – Vacancy Trends Sharpest declines in almost three years Source: Markit

\ 5 Unemployment set to rise? Report on Jobs – Vacancy Trends Sources: Markit, ONS Drop in hiring suggests larger monthly increases in claimant count

\ 6 Pay growth remains weak Report on Jobs – Vacancy Trends Permanent salaries and temp hourly rates broadly stagnated in June Source: Markit

\ 7 Temp availability rising faster than perm Report on Jobs – Vacancy Trends Source: Markit Growth in short-term staff availability remains stronger than for permanent staff, in line with trend over past two years

\ 8 RoJ vacancy data Report on Jobs – Vacancy Trends Permanent and temporary demand Sector breakdown Private and public Regional

\ 9 Demand for staff rising at weak rate Report on Jobs – Vacancy Trends RoJ showed permanent job vacancies rising at slowest pace in five months during June Temp vacancy growth remained close to 33-month low Source: Markit

\ 10 Sectors – perms Report on Jobs – Vacancy Trends Source: Markit

\ 11 Sectors – temps Report on Jobs – Vacancy Trends Source: Markit

\ 12 Private and public sector (June 2012) Report on Jobs – Vacancy Trends Source: Markit Private sector vacancies rising; public sector vacancies falling

\ 13 Regional trends – perms Report on Jobs – Vacancy Trends South of England and Scotland currently strongest London weakest performer Source: Markit

\ 14 Regional trends – temps Report on Jobs – Vacancy Trends Similar picture for temps although South faring less well Source: Markit

\ 15 Summary Report on Jobs – Vacancy Trends Deteriorating picture overall Vacancies still rising but at slower rate Marked variations by sector Growth of private sector roles offsetting decline in public sector London weakest performer regionally

\ 16 \ Opinions, statements, estimates and projections in this presentation (including other media) are solely those of the individual author(s) at the time of writing. They do not necessarily reflect the opinions of Markit Group Holdings Limited or any of its affiliates ("Markit"). Neither Markit nor the author(s) has any obligation to update, modify or amend this presentation, or to otherwise notify a recipient thereof, in the event that any content, information, materials, opinion, statement, estimate or projection (collectively, "information") changes or subsequently becomes inaccurate. Any information provided in this presentation is on an "as is" basis. Markit makes no warranty, expressed or implied, as to its accuracy, completeness or timeliness, or as to the results to be obtained by recipients, and shall not in any way be liable to any recipient for any inaccuracies, errors or omissions. Without limiting the foregoing, Markit shall have no liability whatsoever to any recipient, whether in contract, in tort (including negligence), under warranty, under statute or otherwise, in respect of any loss or damage suffered by any recipient as a result of or in connection with any information provided, or any course of action determined, by it or any third party, whether or not based on any information provided. The inclusion of a link to an external website by Markit should not be understood to be an endorsement of that website or the site's owners (or their products/services). Markit is not responsible for either the content or output of external websites. Copyright ©2011, Markit Group Limited. All rights reserved and all intellectual property rights are retained by Markit. Any unauthorised use, disclosure, reproduction or dissemination, in full or in part, in any media or by any means, without the prior written permission of Markit Group Limited, is strictly prohibited. Disclaimer