Worst job figures for a year may herald “double-dip”
The number of permanent and temporary job appointments in September was the lowest in the last 12 months a new report has found, prompting concerns of a double-dip in the job market.
The Recruitment & Employment Confederation’s (REC) Report on Jobs found the increase in permanent appointments between August and September was the lowest for a year, while growth of temporary placements hit an 11-month low.
“September’s Report on Jobs shows that the job market is starting to flat-line and may herald a ‘double-dip’ [a slump followed by a short recovery, followed by a further fall] in employment,”
said REC chief executive, Kevin Green. He added;
“The Government must focus on encouraging private sector employers with incentives to take on staff and radically improving the support being offered to jobseekers.”
Federation of Small Businesses (FSB) spokeswoman, Sara Lee, said business confidence is still low so employers are not recruiting.
“After the Government’s spending review we might see a change, but until then we don’t know what will happen. Small firms are being cautious until they know what is in the pipeline.”
Small-business owner, Lee Bradshaw of design-led gift retailer Lifestylish.com, said:
“We might take on seasonal workers for the busy Christmas period, but we are more likely to rely on friends and family – it’s probably a cheaper, quicker option for us.”
“If the economy is a bit better next year we might take on some more people. Taking someone on a permanent basis is not a light decision and not knowing what is round the corner is obviously a worry.”
According to the Office for National Statistics (ONS), the jobless rate currently stands at 7.8%, with 2.47 million people out of work.