Temporary billings weren’t far behind, increasing at the fastest rate for two and a half years and the number of vacancies expanded to a six year high. Analysts have put this sudden game of employment ‘musical chairs’ down to increasing confidence among the UK’s employers, who feel it’s safe to wrench open the coffers and invest in people once again.
‘With house price and service sector figures moving in an upward direction, indications are that the economy is getting stronger,’ said Bernard Brown, partner and head of business services at KPMG.
‘Confidence is certainly evident among employers; with many conserving cash for a number of years, they are beginning to invest in their people and, as the search for talent is stepped up, the jobs market is looking buoyant again.’
The highest demand for permanent roles is for engineering workers, with the slowest vacancy rate growth recorded for blue-collar staff. Short-term staff vacancies have risen in almost all areas but the weakest growth was in financial and accounting roles – not great news for the City.
Whether this sudden increase in job moves will affect the employment rate and spur Mark Carney into action sooner than he thought, remains to be seen. Our guess is the base rate is safe for the time being.