Connect with us

Hi, what are you looking for?

Business

Businesses scrambling to hire staff in heated job market despite recession picking up

Businesses are still desperate for staff, with increases in adverts for occupations including childminders, school secretaries and dental practitioners, new research suggests.

The Recruitment and Employment Confederation (REC) said there were 154,000 new job adverts in the week of 17-23 October, slightly lower than a month earlier.

The number of adverts has remained stable at between 1.4 to 1.5m since mid-August, it was reported.

REC chief executive Neil Carberry said: “After a lull over the summer and during the period of national mourning for Her Majesty the Queen, we saw a recovery in hiring in late September.

“This continued through most of October, with some slowing in the most recent week. Overall, we are still seeing strong demand.

“There are some signs of greater volatility driven by economic and political uncertainty, but these cyclical trends are being offset by a substantial labour shortage that means firms still need to hire, even when growth has slowed.”

REC said firms remained desperate to hire staff, although it found falls in job adverts for pharmacy assistants, bar staff and waiters and waitresses.

Read more:
Businesses scrambling to hire staff in heated job market despite recession picking up

You May Also Like

Business

The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

Stocks

After taking a breather in the week before this one, the Indian equity markets resumed their up move. The headline index continued with its...

Investing

It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...

Business

Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research. Four-in-ten (44%) SME...

Dislaimer: peakprofitplace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 peakprofitplace.com | All Rights Reserved