In a recent interview, Kevin Green, chief executive of the Recruitment and Employment Confederation (REC), said that the medium-term outlook is ‘relatively positive’ and that, as the year progresses, the outlook for the labour market will gradually improve. He stated, “There is a consensus amongst economic forecasts that private sector investment and trade will pick up and start to accelerate in the second half of the year. This will start to stimulate the creation of new jobs. Recruiters are starting to think and talk about growth again after three years of cutting costs and surviving.”
Earlier this week, director-general of the Confederation of British Industry Sir Richard Lambert, forecast an economic improvement from April 2011.