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Contractor demand and rates of pay see significant growth, finds REC/KPMG report

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The most recent REC/KPMG Report on Jobs has revealed that July saw the strongest rise in temp billings for 29 months, as well as showing a significant increase with pay rates.

The latest Report on Jobs carried out by the Recruitment and Employment Confederation and KPMG, found that contractor and other temporary worker’s billings increased at its fastest rate in almost two and a half year.

Rates of pay grew at its sharpest pace in just over four years.

The growth of temp billings was broad-based across the English regions in July, with the strongest increases seen in the North and the South.

Public sector demand for temp staff rose at a solid pace that was the fastest so far this year, and private sector demand for staff also strengthened.

According to the Report on Jobs’ findings, all nine contractors/temp categories posted improved levels of demand, with the nursing/medical/care sector reporting the fastest growth, closely followed by Construction.

REC chief executive Kevin Green said, “The jobs market continues to skyrocket with permanent employment and temporary placements at three and two-year highs, and vacancy growth accelerating to a six-year high. A combination of confidence returning to the UK economy and higher employer demand have contributed to this impressive set of figures.

Bernard Brown, Partner and Head of Business Services at KPMG, said, “With house price and service sector figures moving in an upward direction, indications are that the economy is getting stronger.  Confidence is certainly evident among employers.

He added, “High levels of demand for staff were signalled across every sector we analysed and the same can be said across each region of the UK.”

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