UK job prospects for the final quarter of 2013 are the strongest since
2007, with finance and business services leading the way, a study has found.
Manpower Group, the US recruitment multinational, says that with an
+6%, employers across the UK are looking to take on staff in the fourth quarter of 2013, demonstrating that the jobs market is showing continued
consistency, supporting the economic recovery.
The Manpower Employment Outlook Survey is based on responses from 2,104 UK
employers. It asks whether employers intend to hire additional workers or reduce the size of
their workforce in the coming economic quarter. It is the most comprehensive, forward-looking
employment survey of its kind and is used as a key economic statistic by both the Bank of England
and the UK government.
The National Seasonally Adjusted Net Employment Outlook of +6%
indicates sustained optimism in the UK jobs market, building on the third quarter of 2013
when the Outlook was +5% and ensuring that 2013 finishes with the strongest fourth-quarter
forecast since before the financial crisis.
“The jobs market has suddenly become the hottest economic indicator in town
thanks to the forward guidance issued by Mark Carney, the new Governor of the Bank of
England,” said Manpower Group Solutions, UK managing director, James Hick. “Our survey shows
that it’s going to take a while before we get to a situation where 750,000 new jobs are created,
which will trigger a review of interest rates. But it also reveals that 2013 has been a game
changing year for the UK jobs market in a number of key sectors.”
Finance and Business Services employers are out and out showing the most
confident signs of hiring, reporting an Outlook of +16%. Hick continues: “Whilst the big banks have
a new spring in their step, with Lloyds Banking Group and RBS poised to return to the market and
Barclays about to embark on a big fundraising initiative, curiously job creation in the sector
is actually all about fixing the mistakes of the past and avoiding problems in the future."
out our subscription service,
, at a low annual charge of €25