Bri­tain’s boom­ing job mar­ket leaves firms strug­gling to fill posts

Muscat Daily - - BUSINESS -

Lon­don, UK - Bri­tain’s job mar­ket is boom­ing, but con­cern is in­creas­ing about where com­pa­nies are go­ing to keep find­ing work­ers.

The num­ber of per­ma­nent jobs grew at the fastest rate in more than two years in July, while the avail­abil­ity of work­ers fell sharply, ac­cord­ing to a re­port by the Re­cruit­ment and Em­ploy­ment Con­fed­er­a­tion (REC) pub­lished on Tues­day. It said that helped boost a mea­sure of start­ing salaries to the high­est in 20 months.

The pace of hir­ing in re­cent years has pushed UK em­ploy­ment to a record and sent the job­less rate to the low­est since the 1970s. Kevin Green, CEO of REC, which com­piles the re­port with IHS Markit, said that while the jobs mar­ket ‘ con­tin­ues to con­found ex­pec­ta­tions’, a shrink­ing pool of work­ers means that em­ploy­ers are ‘hav­ing to work even harder to fill jobs’. He also said the re­sults show the im­por­tance to the UK of hav­ing easy ac­cess to labour from other Euro­pean Union na­tions af­ter Brexit, and warned that any clam­p­down on im­mi­gra­tion could have an ef­fect. In Lon­don, cau­tion among fi­nan­cial-ser­vices firms is mak­ing them hes­i­tant, push­ing re­cruit­ment in the city to its weak­est in eight months, ac­cord­ing to the re­port.

Open Bri­tain cam­paign said the sur­vey shows that Brexit is ‘hit­ting Bri­tish com­pa­nies’, and the gov­ern­ment should drop its mi­gra­tion target.

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