Submitted by Tim Chambers on Thu, 08/11/2012 - 12:38
The number of people starting permanent jobs in the UK is on the rise, according to the latest industry report.
The Recruitment and Employment Confederation's (REC's) Report on Jobs shows that appointments of permanent staff increased for the first time since May last month, and at the fastest rate in 17 months.
The greater number of placements was also supported by a stronger expansion in job vacancies, which was the most marked since June 2011.
Overall, short-term staff billings increased for the third month in a row last month, with the rate of growth accelerating at its sharpest rate for 18 months.
According to the figures, permanent staff salaries for those pursuing career development rose for a sixth successive month in October, while hourly rates of pay for temporary and contract staff also increased marginally.
Kevin Green, chief executive of the REC, said the data represents "exciting news" for the labour market.
"The sharpest rise in job vacancies in over a year shows employers are confident about their own businesses and, as they deal with increasing demand, are driving the momentum for more people finding work," he added.