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Top Sectors For Employment Growth

Permanent placements and vacancies continue to show signs of a sustained recovery with rises for the third month in a row, according to the latest trends report from the Association of Professional Staffing Companies (APSCo).

APSCo says it is seeing increasing shortages in the engineering and construction sectors with an average 39% year on year growth in online advertised permanent vacancies. IT vacancy advertisements have risen by 10% year on year while marketing media and creative job openings are up by an average of 15%. The temporary market is also busy with online advertising up 17% year on year across professional sectors.

Demand for accounting and finance skills has risen in the last quarter and APSCo members report a 7.5% increase in accounting and finance placements compared with this time last year, with vacancies showing an average 3% rise every month over the last three months.

UK Brain Drain Could Impact Recovery

APSCo says that recent OECD figures which show that almost 1.3 million Britons with university level education are now living abroad will add to the skill shortage issue.

APSCO state that as we are living in an era of the globally mobile professional, UK employers are not just competing with each other, they are having to compete on a world stage particularly with growth economies in the areas of engineering and technology.

Latest Interim / Contract Jobs Update

Professional contract and interim employment opportunities within commerce and industry across the UK have increased significantly after levelling out last quarter, according to the latest report from Venn Group.

Vacancies rose by 69% between quarter one and quarter two this year, and national levels now sit 18% higher than quarter two 2012. In London, vacancies in commerce and industry are up 26% on those recorded during quarter one 2013. After months of contraction, contract and interim employment levels within financial services seem to be stabilising with vacancies up 3.4% since quarter one.

The professional contract and interim market within the public sector has now begun to contract after the high levels of activity experienced throughout the transition from Primary Care Trusts (PCTs) to Clinical Commissioning Groups (CCGs) within the NHS.