Graduate job prospects 'best since crisis began'
The BDO Employment Index, which looks at hiring intentions, rose from 108.8 in June to 109.6 in July
Monday 11 August 2014
Job prospects for graduates are the best since the onset of the financial crisis after a survey predicted a further pick-up in employment growth this year.
The BDO Employment Index, which covers companies' hiring intentions in three months' time, rose from 108.8 in June to 109.6 in July, indicating that job creation will continue to accelerate for the remainder of the year.
BDO partner Peter Hemington said: "The good news is that the unprecedented growth we've seen in UK employment this year looks set to continue, providing this year's university graduates with a welcome dose of good news in terms of job and salary prospects."
However, he warned that the hiring spree was likely to be accompanied by renewed warnings over a shortage of skilled workers.
Mr Hemington added that some construction firms were already turning business away due to a lack of trained staff.
He said: "This could bring the stellar growth we're enjoying in the wider economy to a grinding halt if the trend becomes entrenched."
Other findings from the BDO Business Trends report show that optimism is at its highest level for more than a year, although the rate of acceleration in business confidence appears to be levelling off.
The BDO Inflation Index remained broadly unchanged at 97.6 in July, far below the long term average of 100 and only just above the 95 mark which indicates that costs are rising.
Labour-intensive services firms in particular continue to benefit from weak cost pressures, as spare capacity in the economy undermines wage growth.
Additional reporting PA
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £25000 per annum + OTE £35000: SThree: SThree are a global FTSE 250 b...
£20000 - £25000 per annum + OTE £35K - £45K: SThree: SThree Group have been we...