• Barnett Waddingham
    Barnett Waddingham
  • Permanent jobs grow year-on-year, salaries fall

    Permanent jobs have risen one per cent from last year, showing fewer vacancies in IT and financial sectors, while average salaries saw a fall by nearly three per cent according to new data.

    The Association of Professional Staffing Companies (APSCo) revealed that both permanent and temporary job placements have risen by one per cent, continuing last year’s trend which saw an 11-year low for unemployment.

    Average salary figures across financial sectors saw a dip of 2.8 per cent, indicating that while jobs are coming onto the market, they are increasingly lower paid.

    However, pay figures did rise in some sectors, including the IT sector, which saw average salaries rise by 2.5 per cent.

    89 per cent of CEOs are reportedly optimistic about growth in 2017 as the Purchasing Managers’ Index shows manufacturing is at a 30 year high.

    “There is no doubt that parts of the UK jobs market has suffered in the months following Brexit,” said APSCo chief executive Ann Swain. “However it is not all doom and gloom with several indicators suggesting that the UK is faring better than expected following the referendum.”

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    Stuart O'Brien

    All stories by: Stuart O'Brien

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