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Job vacancy growth hits 15 year high

Sales professionalsThe rate of growth in job vacancies this November was the fastest seen in 15 years, according to the latest survey from the body that represents recruitment firms and HR professionals. Salary growth is also healthy – at a six year high.

The Recruitment and Employment Confederation (REC) says its job vacancies index, which uses data from 400 recruitment firms, rose to the highest level since July 1998. All four regions (North, South, Midlands, London) have seen job vacancy growth, with the Midlands leading the field with the fastest growth. The strongest demand was for engineers, followed by nursing staff and other medical and care workers. Construction workers were the least in demand.

REC CEO Kevin Green said: “We enter the New Year with job vacancies increasing at the fastest pace in 15 years. The fact that our figures show starting salary growth hitting a six year high, combined with continued skill and talent shortages, indicates that we can expect salaries to increase and job fluidity to accelerate into 2014.”

“REC UK Report on Jobs shows that all sectors, all regions and both the private and public sector are in growth, which is fantastic news for British businesses, the UK economy and people looking for work in 2014.”
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