Job Flow Index – Firefish Software
Job Flow Index
The monthly Job Flow Index analyses recruitment statistics and industry trends to provide recruitment agency leaders with insight into market conditions.
Recruitment Overview
Following a positive period of growth for job creation and placements, June experienced a slowdown and a decline compared to May. While month-on-month performance is down across the board, performance in Q2 has outstripped Q1. Placements in Q2 were 32%
higher than in Q1 and while June has seen a drop in the volume of placements this is still 24% higher than the Q1 average.
In June:
– The total volume of placements decreased by 8%.
– Temporary & contract placements decreased by 6%.
– Permanent placements decreased by 10%.
These decreases are matched by a reduction in the number of jobs being created across the UK. Businesses commonly take a cautious approach to recruitment around a General Election and this can be seen in the decline in the number of jobs created in June.
Temporary and contract placements decreased by 6% and 6% fewer jobs were created. Only one sector, Finance & Accountancy, experienced an increase in temp and contract placements in June. A 54% increase was achieved in this sector.
Permanent placements decreased by 10% and the volume of jobs created decreased by 10% also. Every sector experienced a decrease in permanent placement volumes in June.
The volume of applications made in June decreased by 14% to the lowest level so far this year.
