Secretarial Jobs Board

REC: Vacancies take record fall

07/01/2009

REC:  Vacancies take record fall

The Recruitment and Employment Confederation (REC) has reported job vacancies have fallen at their fastest since records began in 1997.

The Report on Jobs, compiled with KPMG has shown demand for new staff has again fallen.

Its Vacancies Index - where 50 indicates no change in demand - dropped to just 29.5 last month and has fallen for seven moths running.

"These figures are deeply worrying," warned chief executive Kevin Green.

He said they show "the contraction in the labour market is now rapidly accelerating".

Marks & Spencer announced the detail of its job cuts today – more than 1,200 workers are soon to be out of work and several shops are set to close.

The report revealed average wages and salaries for new placements had continued to fall but there was some good news – it showed a record rise in candidate availability.

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