SJD Accountancy

Contractor billings continue to rise, but at slower rate

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The REC/KPMG report has released it’s latest figures, which have shown that contractor placements have continued to grow over the past month, although it has been at a much weaker rate than previously reported.

According to the latest Report on Jobs, carried out by the Recruitment and Employment Confederation (REC) and KMPG, last month offered increased billings for contractors, but grew at the lowest rate for six months.  Permanent workers also experienced similar results.

REC director of policy Tom Hadley said of the results, “This month saw increased demand for both temporary and permanent workers across all the sectors we measure, which is a really positive indicator for a continued recovery.” 

The Report on Jobs also found that the north of the country experienced the strongest growth of contract billings during last month, and, the most sought-after type of temporary/contract work was for the Nursing/Medical/Care sector, which has been top of the list for the past 13 months.

Bernard Brown, Partner and Head of Business Services at KPMG, added, “For six months employment has been rising at such a rapid pace that it seemed to be outstripping economic growth. 

“Amid the doom and gloom of recent High Street closures the jobs market made little sense, but the February figures suggest that uncertainty is beginning to reverberate in organisations across the country.

“Recovery may be on the way, but it is a long path and one negotiated by very small steps.”

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