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Private sector hiring

28 Jan 14  | Business Support |  Recruitment News

The private sector is continuing to do well, as hiring intentions and business confidence are both still on the rise, reports

According to data from the BDO Employment Index, hiring intentions reached 99.4 in December, a 30 month high and an increase of November's 98.3. The index measures employer's hiring prospects over the next two quarters.

Apparently, the index has been at or above the 95.0 mark for employment for 12 months and is nearing the 100.0 level that indicates that employment is rising for the long term, which is extremely positive news.

In addition, business confidence rose to 103.4 in December, a slight improvement from November's 103.1 and the highest reading seen in over seven years, reports

Peter Hemington, partner at BDO LLP, said the data suggests that the UK is able to create more jobs than previously expected, leaving behind concerns regarding relaxed border controls that came into effect at the beginning of January.

"We're encouraged to see that UK businesses are growing in confidence and have sharply increased their hiring intentions over the past month, which should help to keep the unemployment rate on a downward trajectory," he commented. "The flip side of all this is that labour productivity is still far below its pre-crisis peak."

He added that underemployment is still a problem, as around 1.5 million workers who want to work full-time have had to settle for part-time roles.

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