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According to the Office for National Statistics (ONS), employment levels dipped by 63,000 in the three months to June, representing an employment rate of 73.4% and the second consecutive quarterly fall.

However, in comparison to the same period last year, there are 354,000 more people in work – with 352,000 more people in full time roles. Average pay including bonuses was also up by 2.3% on an annual basis.

In response to the latest figures, Ann Swain Chief Executive at APSCo comments;

“Although employment levels have once again dipped on a month-on-month basis, I am confident that this is a seasonal blip. A significant year-on-year increase in the number of people in work, with the majority of these being full-time roles, is more representative of what the recruitment profession continues to witness: greater market stability and confidence in hiring.”

Ann Swain continues;

“The fact that wages have risen once again is a positive indicator of market confidence. Organisations are scrambling to get their hands on the brightest talent, and only those that can offer attractive remuneration packages stand a fighting chance. Separate figures released by the ONS show that income tax receipts rose to £11.5bn in June as wages climbed. With this in mind, I’m quietly confident that this quarter-on-quarter dip in employment is not a symptom of underlying market stagnation.”

- Ends

Notes to editors:

APSCo is the membership body that is dedicated to representing professional recruitment in the UK. It was formed to give all firms involved in the recruitment of professional talent who have a commitment to excellence, the specialist support and distinctive voice they need to be successful. It gives candidates and employers a trusted badge of quality whilst providing member firms with an innovative range of services designed for them by recruitment experts. These services, combined with its growing international profile, commitment to Corporate Social Responsibility and opportunities for professional networking give APSCo members a unique opportunity to develop their businesses and gain competitive advantage (www.apsco.com).

Professional Recruitment Trends is the only monthly publication providing original data and analysis on the professional staffing market. It is produced jointly by APSCo and Staffing Industry Analysts.

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