Vacancy growth eases to 10-month low
Demand for staff continued to rise at a marked pace in October. However, the rate of expansion moderated to the slowest since December 2013. This was highlighted by the Report on Jobs Vacancy Index posting 65.8, down from 66.9 in September.
Slower rates of expansion were signalled for both permanent and temporary staff demand during the latest survey period.
Public & private sector vacancies
October data showed that growth of demand for staff remained considerable stronger in the private sector than the public sector. The sharpest increase overall was indicated for private sector permanent workers.
Other vacancy indicators
Latest official data from the Office for National Statistics (ONS) indicated that vacancies rose 23.9% on an annual basis in the three months to September. Meanwhile, internet-based recruitment spending continued to increase at a strong annual pace. Latest data showed a 8.8% rise in Q2 2014 from the corresponding period one year earlier.
Source: REC's Report of Jobs, 7th November 2014