End of summer brings encouraging employment signs

The index measures the growth of the UK employment landscape by measuring monthly figures against December 2009 figures; a score above 100 indicates growth relative to the baseline. August scored at 102, as it did the month previous.

The detailed data from the Job Index highlighted record-high demand for new accountants last month at a rate of 17 per cent higher than when the index began tracking employment activities. Positions for qualified accountants also demonstrated growth but did not reach the high demand that was demonstrated this past May.

The Reed Salary Index has also been holding steady; for the fourth month in a row it has been a solid 95, which indicates that it is approximately 5 per cent below baseline.

In related news, both the manufacturing and accountancy industries have seen increases in recruitment rates throughout the summer.

Manufacturers' organisation EEF recently revealed figures delineating how industry recruitment had nearly doubled over the summer months, stating that the 17 per cent uptick has been the strongest increase since 1995, when EEF began its Manufacturing Outlook survey.

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