Employers’ confidence in the UK economy remains low, however, there is a slight growth in confidence about their ability to hire new staff and invest in their own businesses.
The Recruitment & Employment Confederation’s (REC) latest JobsOutlook report found that business confidence in hiring and investment decisions improved by 11 percentage points compared to early April. However, confidence levels remained negative overall at net: -10.
Medium-term demand for both agency workers and permanent staff is still sitting in positive territory at net: +6.
The REC’s Jobs Recovery Tracker also shows that demand for some occupations, such as cleaners, security guards and artists, has risen in recent weeks.
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Email JaimeNeil Carberry, Chief Executive of the REC, commented, “Coronavirus has caused a huge slowdown in the labour market, but this data indicates that the worst could be behind us. More workplaces are now starting to re-open all over the country. While we must ensure that employee safety is the top priority, hiring will pick up again alongside the economy. And while demand is still strongest in the health and care sector right now, we are likely to see positive signs for other roles in the near future.
“Recruiters will be at the forefront of this recovery, working in close collaboration with employers and the government to get people back into work where they are needed most. Our sector will have a particularly big job to do in helping candidates change sectors and roles as the economy builds back in a different shape.”
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