Jobs market dips as recruitment slows


Jobs market dips as recruitment slows

Simon Quicke

The dip in the IT job market, which had been threatening to come for the last few months, has arrived taking the number of vacancies back to the levels experienced in the early days of the recession.

Even before the Comprehensive Spending Review and the reductions in public sector employees the overall market for both permanent and temporary jobs had continued to slow, although the IT sector had continued to show signs of bucking that trend.

But October was a difficult month and the demand for vacancies fell with IT losing ground against other employment sectors. Where there was demand for skills it was in the areas of net developers, digital marketing and business analysts.

According to figures from the Recruitment and Employment Confederation (REC) and KPMG, overall the jobs market slipped to its worst monthly performance for 14 months raising fears that with public sector job losses to come it is shaping up to be a fairly bleak winter.

Kevin Green, chief executive of the REC, said that although the rate of expansion in the jobs market had slowed it was still growing, but things were on a slightly downward trend.

"This confirms that the private sector's ability to compensate for planned job losses in the public sector hangs very much in the balance," he said.

"These figures show that employer confidence remains fragile and that the double dip in employment we forecast last month remains a possibility. The role of job creation now rests solely with the private sector and the Government must do all it can to facilitate this process," he added.

Green said that it still remained confident that the private sector could pick up the slack and fill the employment needs of those continuing to look for work.

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