UK employer economy confidence on the rise

(2 minutes to read)

Latest research has revealed that employer confidence in the economy has strengthened following a fall from the EU referendum result last year.

According to the recent JobsOutlook survey by the Recruitment & Employment Confederation (REC), of the 607 employers questioned, many are very optimistic with regards to their own company’s hiring and investment decisions, with a net balance of +18% saying they expect it to improve.

This is of course positive news for self-employed and permanent workers alike, as more employers will look to hire those with the right skills.

Data published by the REC immediately after the general election also found that a third (33%) of UK employers think the new government’s top priority for the labour market should be to develop a strategy to make sure businesses have people with the skills they need.

REC chief executive Kevin Green, commented, “One year on from the EU referendum, it is encouraging to see the labour market continue to perform well despite the political and economic turbulence. Although confidence in the economy has fallen, businesses have held their nerve and delivered record levels of employment in the UK and this should be applauded.

“As the government plans for the EU negotiations, we urge policy-makers to put the skills crisis at top of the agenda. Organisations are only as good as the people they hire and this is true of big business as well as public services. Denying access to the people that are needed will harm the country’s future prosperity.”


Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.

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