According to the latest data released, the total permanent job placements in the UK have risen at its fastest pace in two years in June as the British economy showed signs of recovery.
The data also showed that the temporary placements rose significantly and vacancies reached in highest level in three years. The index that measures job appointments rose its fastest rate since April 2011 at 57.6, according to a survey by the Recruitment and Employment Confederation (REC) and consultancy KPMG.
A rating of above 50 indicates growth in the jobs market compared to the month earlier. The jobs market in the UK has not declined as much as the economy in recent years because workers accepted below-inflation wage growth. The wages have been rising with those for permanent staff rose at its fastest pace for nearly two years while temporary workers' hourly wages rose at the fastest level in five years.
"We are now seeing the UK jobs market blast off with the highest number of people being placed in permanent jobs for two years and demand for staff at a three-year high," said Kevin Green, chief executive at REC.
Source: Top News