The Monster Employment Index show that online HR vacancies have increased for the first time in six months. The index, which had been declining since February 2009 is still down 37% year-on-year from July 2008 readings, but a 11% rise is still good news for the hard-hit sector.
Hugo Sellert, head of economic research at Monster Worldwide, said: “The UK economy’s sustained contraction in the second quarter means labour market conditions will remain challenging. Competition for top talent is still fierce, however, as companies seek to attract the most qualified people from the growing pool of unemployed workers.”
This also comes after the CIPD/KPMG survey revealed yesterday that the UK jobs markets is stabilising. The amount of private companies planning redundancies is expected to decrease, and the scale of those redundancies is also expected to shrink.
Recruitment intentions have risen among employers in the private sector for the first time since the start of the recession, with recruitment intentions up 7 percentage points to 59% compared with the last quarter.
Unemployment in the UK has now reached 2.38 million, and is still expected to rise in the last quarter of 2009, and could reach 3 million in 2010.