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UK recruitment rose in January 2012

Published: Friday, 10 February 2012   Category: All Graduate Jobs News

There was good news for those hunting for graduate jobs this week as, for the first time in four months, the number of recruiting employers increased last January.

The latest monthly index published by the Recruitment and Employment Confederation (REC) has revealed that recruitment increased last January to 51.2 from 48.5. This is great news for the UK economy because it is the first time since September that the reading has been higher than 50, which is the mark separating growth from contraction.

"There are glimmers of hope for the UK jobs market," said REC Chief Executive, Kevin Green. "The Report on Jobs also follows better than expected services data from the PMI last Friday, which suggests that confidence is growing amongst consumers as well as businesses."

Furthermore, the REC study revealed that engineering and construction workers are the most sought after these days. This finding is in line with a recent report published by Markit/CIPS Purchasing Managers' Index (PMI), which showed signs of improvement and optimism in manufacturing, construction and the service industry.

According to the latest figures, the services industry grew at the fastest rate in ten months in January, with employment in the sector rising at the fastest speed in almost four years.

Background

Despite unemployment in the UK increasing at a worryingly slow pace during the 2008-09 recession, a record high hit the country in the three months up to November, setting the unemployment level at a 17 year high.

Although recruitment is moving forward again, the REC highlights that it is doing so at the weakest pace in more than two years.

Nevertheless, young Brits currently looking for graduate jobs can look to the future with optimism now.

"This is the first positive indicator for some time that employers are looking to hire staff despite the ongoing weakness of the economy. It is particularly encouraging that six out of eight sectors surveyed show growth in demand, including engineering, IT and office professionals," added Kevin Green.

How does this news affect you? Are you encouraged to continue searching for a graduate job?

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