job-market-tipping-point

‘Jobs market at tipping point’ warn REC

As employer confidence in the economy drops for a third month in a row, a recruitment trade body has called for ‘political leadership’ to fix any impending problems.

With many employers fearing that economic conditions are getting worse, recruitment of temporary workers is falling off a cliff face – down nine per cent across all sectors.

As a result, Kevin Green, CEO, Recruitment and Employment Confederation (REC) added that though there are some positive signs, the government needs to act fast to avoid a recruitment nightmare.

He said: “It is very worrying that for the third month now, more employers feel that economic conditions are getting worse.

“Although the demand for temporary agency workers is declining, the demand for permanent staff remains strong – which is a positive sign. The jobs market’s unprecedented growth is at a tipping point. [However] clarity around trade, residency and immigration could prevent a rapid decline in the UK’s successful labour market. We’re looking for political leadership.”

And, Green states there could be serious consequences if the labour shortfall isn’t tackled: “There have already been predictions that the NHS in England might suffer its worst winter in recent history as skills shortage start to bite and workers from the EU go home while fewer apply for roles.”

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Economy