Worst fall in UK jobs market since 1997


Worst fall in UK jobs market since 1997

Antony Savvas

The number of IT vacancies continued to fall last month as part of a wider trend across the overall jobs market.

October's Report on Jobs from the Recruitment and Employment Confederation and KPMG signalled a continuation of the rapid weakening of the UK labour market.

Permanent and temporary staff appointments fell at survey-record rates as demand for staff contracted sharply. Wages and salaries declined for the first time in over five years, pressured by rapidly rising levels of candidate availability.

Kevin Green, chief executive of the Recruitment and Employment Confederation (REC), said, "These are the worst figures we have seen since the report began in 1997, with both vacancies and the number of job placements falling at an increasing rate."

The survey is based on data provided by recruitment consultancies.

Although the number of vacancies in IT again declined, the IT industry was number two behind health when it came to the number of permanent and temporary jobs available. This position was higher than a year ago.

Demand for permanent staff fell across all job categories with the exception of Nursing/Medical/Care during October. The sharpest rate of decline was in Accounting/Financial staff, reflecting the ongoing retrenchment in the financial services sector.

Key permanent staff skills in IT still reported to be in short supply were business analysts, "tech skills", IT security, and "general IT".

When it came to temp skills in short supply, only IT developers were in demand.

See also Special report: Redundancy



Picture supplied by Rex Features

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