Economic Upturn?

The economy is starting to show flickers of improvement with fewer job losses and marginal growth in recruitment.  The UK is hopeful to follow the trend in the US with fewer job cuts to the workforce.  The US has seen a slow down in job cuts this quarter with only 1 in 5 making cuts compared to 2 in 5 in the first quarter.  UK employers typically follow a similar pattern to US employers but typically one quarter behind.  This means that the number of job losses should start to decrease considerably in the second half the year.

Also, the UK has recently seen marginal growth in online recruitment growth in June solidifying the prospect of a turn in the economy.  Monster’s employment indices for June reflect a mix of online recruitment activity across the leading western European countries.  The slight upturn in the UK was largely contributed by rising demand in healthcare and social work, telecoms and education, training and library sectors.  Belgium has joined the UK with a modest increase.  The Swedish market remains unchanged.  Unfortunately Germany, Italy and the Netherlands continued the downward trend.

To read more about ri5’s take on this topic go to
http://www.ri5.co.uk/site/news/article/june-sees-marginal-uk-online-growth-but-european-demand-hits-fouryear-low/