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Increase in work placements encouraging for those struggling to manage debt

Increase in work placements encouraging for those struggling to manage debt

- Wednesday, 6 January 2010

Job seekers struggling to manage debt may be buoyed by new figures that indicate increases in the number of people securing work.

December's Report on Jobs reveals that the growth in permanent staff placements was at its fastest since July 2007, and demand for both permanent and temporary staff increased at the strongest rates for 29 and 22 months respectively.

The study was conducted by the Recruitment and Employment Confederation (REC) in conjunction with KPMG.

Commenting on the figures, KPMG partner and head of business services Bernard Brown said the data was "certainly encouraging".

However the improvements would need to be carried over into 2010 for the jobs recovery to be consolidated, said Mr Brown.

"The jobs market has been cushioned in recent years by continued public sector expansion. If this is put into reverse post-election, it could have a significant effect on employment figures," he warned.

The Chartered Institute for Personnel and Development (CIPD) recently stated 2010 would be another tough year for private sector employment, and more government incentives would be needed to encourage companies to hire.
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