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February 22nd, 2024

Staff Availability

Availability of candidates rises at softest pace for four months:

The overall supply of candidates across the UK expanded for the eleventh month running in January. The respective seasonally adjusted index posted comfortably above the no-change threshold to signal a historically marked rate of growth. However, this was down from December, to indicate the softest increase since last September. The latest survey pointed to slower rises in both permanent and temporary labour supply.

Supply of permanent staff expands at a softer, but still sharp rate:

Recruitment consultancies across the UK registered a softer rise in permanent candidate availability at the start of the year. Though sharp in the context of historical data, the latest upturn was the least pronounced in four months. Where higher candidate numbers were recorded, panel members often linked this to redundancies and a slowdown in hiring activity. All four monitored English regions saw the availability of permanent workers increase during January, led by London

Temp candidate numbers increase at slowest pace in eight months:

The latest survey signalled a sustained rise in temporary worker availability in January, thereby stretching the current period of expansion to 11 months. Whilst marked, the rate of growth was the softest seen since last May. There were frequent reports that the improvement in temporary staff availability was due to company layoffs and relatively subdued demand for workers. The steepest upturn in temp candidate supply was seen in the capital, while the slowest was recorded in the North of England.