Growth of demand for staff eases further
The Report on Jobs Vacancy Index fell to a 17-month low in December. Recording 62.5, down from 64.0 in November, the Report on Jobs Vacancy Index nevertheless remained indicative of a strong rate of expansion overall.
Growth of demand eased for permanent staff in the latest survey period, but accelerated for temporary workers.
Public & private sector vacancies
Private sector demand for staff remained substantially stronger than that from the public sector in December. Private sector permanent staff posted the fastest increase overall.
Other vacancy indicators
Latest official data from the Office for National Statistics (ONS) indicated that vacancies rose 22.1% on an annual basis in the three months to November.
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.
The Job Vacancies Index monitors the overall demand for staff at recruitment consultancies. An index reading above 50 signals a higher number of vacancies than the previous month. Readings below 50 signal a decline compared with the previous month.
Source: REC's Report of Jobs, 7th January 2015