Recruitment of permanent staff stopped falling in July for the first time in nearly four years, according to the report on jobs from the Recruitment and Employment Confederation and KPMG, published on Monday.
The survey’s index of permanent staff placements reached 50 points, the level that separates growth from contraction. It had been below that mark every month since the autumn of 2022, the longest run of decline in the index’s history.
Maxine Bligh, the REC’s chief membership and innovation officer, said: “Rays of light are beginning to break through for the job market as employers revive hiring plans.
“Remarkably, this is the first month without a decline in permanent placements since Liz Truss resigned as prime minister in 2022, underlining just how prolonged the downturn in permanent hiring has been.”
Businesses in London took on new full-time staff at the quickest pace in nearly four years, the report showed. Permanent placements continued to decline in the north of England.
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