The KPMG & REC UK Report on Jobs data for October shows that permanent placements have increased at the quickest rate since December 2018.
The rise in advertised job vacancies back in August has continued into September and Cathedral Appointments has seen a further increase in demand for permanent, interim and temporary staff over the past 6-8 weeks across certain sectors. This is of course some positive news for job-seekers who have been made redundant due to Covid-19 and for those businesses looking to hire, it means they have a greater talent pool to access.
Given the drop off in demand earlier in the year due to lockdown this slight increase is encouraging as certain employers recover, diversify and invest in their business activities and make the most of market conditions.
At Cathedral Appointments, we have certainly seen a general increase in hiring activity, broadly across all sectors but in we have been placing job seekers into Construction, Engineering, IT, HR, Accountancy and office-based support roles.
The demand in the South of the UK region has outstripped the UK average and whilst the South West sits in the Medium risk category we are hopeful of this trend continuing.
As we head into winter, the region is of course under threat of future local lockdowns, restrictions and further redundancies which will impact on our local economy but we remain cautiously optimistic of continued hiring activity locally.
As ever, we continue to be in close contact with businesses across the South West and are happy to offer help, guidance and market insight to those jobseekers who find themselves on the job market.