@RECPress - Many good businesses at risk of insolvency unless access to finance is sped up – @RECNeil tells government, organisations with weekly payrolls are especially struggling due to #Coronavirus The government must speed up the availability of financial support for businesses or hundreds risk becoming insolvent, damaging the jobs market’s ability to recover, according to the Recruitment and Employment Confederation (REC).
According to the Recruitment and Employment Confederation @RECmembers the Government must urgently enhance support for businesses to get them through the COVID-19 crisis. The REC is calling on the Government to act swiftly and build on the support package announced in last week’s budget and in today’s press conference.
The latest KPMG and REC, UK Report on Jobs showed that hiring conditions improved at the end of 2019. Permanent staff appointments rose for the first time in a year, while temp billings growth picked up from November. According to panellists, some firms had approved new hires following a long period of delayed decision-making and rising business requirements. However, rates of expansion were notably weaker than seen on average over the survey history.
The UK jobs market remained stable in the three months to October despite political deadlock the announcement of the December election. The employment rate grew slightly by 0.4% compared with the same period last year and total employment now stands at 76.2%, 0.4% higher than last year, according to new figures from the ONS. The unemployment rate stands at 3.8%, 0.3% lower than the same period last year.
ONS labour market statistics: jobs market stable despite uncertainty and Brexit turmoil The UK jobs market remained stable in the three months to September with the employment rate down by just 0.1% compared to the previous quarter. Total employment now stands at 76.0%, 0.5% higher than last year, according to new figures from the ONS. The unemployment rate decreased slightly from 3.9% last quarter to 3.8%.