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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: UK Permanent Hiring Growth At Record Pace In May
UK permanent staff appointments rose at a record pace in May, as demand for workers increased at the fastest rate for over 23 years, the latest KPMG/REC Report on Jobs shows. Billings growth for temporary workers was also historically sharp growing at the fastest rate in 6 years, the survey published Friday showed, underlining the overall strength of the labour market as much of the economy reopens following the latest lockdown.
The May survey saw a sharp rise in both permanent and temporary vacancies, with the latest upturn the most marked since January 1998, but staff availability deteriorated rapidly, with the latest reduction in overall staff supply the most severe for four years and rapid, with both permanent and short-term candidates falling, the report said.
According to the report pay levels are picking up, as "starting salaries for permanent staff rose to the greatest extent since September 2018, while temp wage inflation hit a near two-year high."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.