Sunday - 06 July 2008
Analysis
New figures show a big rise in new jobs on 2007, but mainly in unskilled roles
The latest Mandis/Adecco Job Creation Index (JCI) shows that 65,551 new jobs were created across the UK's 21 key industries in April. This figure is up by 129% when compared to the same time last year.
Overall, the retail and wholesale sector was the best performer in terms of an actual increase in job creations (over 19,117 jobs). The sector was dominated by Tesco, which announced global plans for 30,000 new jobs, 10,000 of which will be in the UK.
The distribution and storage sector was the third-best performer, helped largely by a number of private sector company announcements, including Amazon.co.uk, which opened its fourth and largest UK warehouse in Swansea Bay. This is expected to create 1,200 full-time jobs and 1,500 seasonal jobs over the period to 2013.
PD Ports also secured planning permission to build a new 1.2 million sq ft import centre at Teesport, North-East England. The new centre will create 800 new jobs by 2010, as well as another 5,000 indirect jobs (not included in the JCI) at external suppliers and logistics companies serving the centre.
The top-performing sectors in April were finance and banking (JCI score 15,813); distribution and storage (JCI score 581); and printing and paper (JCI score 557).
The bottom sectors were consumer goods and manufacturing (JCI score -75); pharmaceuticals and biotechnology (JCI score -60); and technology (JCI score -16).
Commenting on the latest figures, Philip Arnold, managing director of Mandis, said: "The results continue to confirm the trend towards the expansion of lower paying jobs in the economy in those business areas that cannot be outsourced overseas, but must be delivered by UK-based employees.
"Hence the overall growth of 129% is very encouraging and will generate significant new short-term taxation revenues, although again, any satisfaction must be tempered by the fact that there is a marked reduction in the creation of new jobs in the higher-paid roles as skilled jobs increasingly migrate away from the UK economy."
• The JCI figures are determined by comparing the number of jobs created within UK industrial sectors each month with the number of jobs created for the corresponding month in the previous year.
The index shows individual industry performance measured as a percentage above or below the number of jobs created in the same month one year ago.
FPR sees rise in perms
The Forum of Professional Recruiters (FPR) has seen an increase in the number of permanent placements in April for the first time in four years, according to its index of members.
In all four previous years of the index, April has seen a fall in permanent placements from March, and this is the first time there has been an increase.
FPR secretary Leslie Walters told Recruiter: "Hopefully this may mean the worst is over — or simply the completion of delayed decisions. The rise was 3% over March and 5% over April of last year. April was the best month since October last year."
The index also showed temporary placements in April were almost identical to previous years, with a slight fall of less than 1% compared to March.
Walters added: "This is not unusual. In fact April has always been a low point, usually with a steady climb from May until August. Let's hope so again. Pleasingly, they were 2% higher than April last year."
Job Indices (PDF 327.1kb)
Business Intelligence: Job indices
Published: 14 May 2008
The latest Mandis/Adecco Job Creation Index (JCI) shows that 65,551 new jobs were created across the UK's 21 key industries in April. This figure is up by 129% when compared to the same time last year.
Overall, the retail and wholesale sector was the best performer in terms of an actual increase in job creations (over 19,117 jobs). The sector was dominated by Tesco, which announced global plans for 30,000 new jobs, 10,000 of which will be in the UK.
The distribution and storage sector was the third-best performer, helped largely by a number of private sector company announcements, including Amazon.co.uk, which opened its fourth and largest UK warehouse in Swansea Bay. This is expected to create 1,200 full-time jobs and 1,500 seasonal jobs over the period to 2013.
PD Ports also secured planning permission to build a new 1.2 million sq ft import centre at Teesport, North-East England. The new centre will create 800 new jobs by 2010, as well as another 5,000 indirect jobs (not included in the JCI) at external suppliers and logistics companies serving the centre.
The top-performing sectors in April were finance and banking (JCI score 15,813); distribution and storage (JCI score 581); and printing and paper (JCI score 557).
The bottom sectors were consumer goods and manufacturing (JCI score -75); pharmaceuticals and biotechnology (JCI score -60); and technology (JCI score -16).
Commenting on the latest figures, Philip Arnold, managing director of Mandis, said: "The results continue to confirm the trend towards the expansion of lower paying jobs in the economy in those business areas that cannot be outsourced overseas, but must be delivered by UK-based employees.
"Hence the overall growth of 129% is very encouraging and will generate significant new short-term taxation revenues, although again, any satisfaction must be tempered by the fact that there is a marked reduction in the creation of new jobs in the higher-paid roles as skilled jobs increasingly migrate away from the UK economy."
• The JCI figures are determined by comparing the number of jobs created within UK industrial sectors each month with the number of jobs created for the corresponding month in the previous year.
The index shows individual industry performance measured as a percentage above or below the number of jobs created in the same month one year ago.
FPR sees rise in perms
The Forum of Professional Recruiters (FPR) has seen an increase in the number of permanent placements in April for the first time in four years, according to its index of members.
In all four previous years of the index, April has seen a fall in permanent placements from March, and this is the first time there has been an increase.
FPR secretary Leslie Walters told Recruiter: "Hopefully this may mean the worst is over — or simply the completion of delayed decisions. The rise was 3% over March and 5% over April of last year. April was the best month since October last year."
The index also showed temporary placements in April were almost identical to previous years, with a slight fall of less than 1% compared to March.
Walters added: "This is not unusual. In fact April has always been a low point, usually with a steady climb from May until August. Let's hope so again. Pleasingly, they were 2% higher than April last year."
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