A survey, which measures the activity of the recruitment agencies that make up the REC, showed a modest recovery in hiring after a sharp slowdown in recent months. The permanent placements index rose to 55.2 in November from 52.6 in October, hitting its highest since August. November's temporary staff billings index also hit a three-month high, increasing to 53.5 from 51.6. Readings above 50 indicate expansion, and those below mean contraction. "This is very encouraging news, with the data suggesting that a turning point for the UK jobs market may have been reached as employers across the board are recruiting more people," said Bernard Brown, a partner at accountants KPMG, who sponsor the survey.
Reuters, December 2010
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