Precision Blog - Recruitment and Employment News

Employment prospects in Leicestershire are improving at a faster rate than the rest of the UK, figures suggest.

Statistics released yesterday showed the number of Jobseeker’s Allowance claimants in the county fell by 1,244 – 5.5 per cent – to 21,125 last month. Click to read

Employment in the manufacturing sector rose at its fastest pace for 15 years, according to the latest Markit/CIPS UK Manufacturing Purchasing Managers’ Index.

The Index posted a reading of 57.5 in June, down from 58 in May.

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Prime Minister David Cameron today announced plans to stimulate business in Leicester.

Mr Cameron has already promised to cut red tape and lower business taxes but he said his new Regional Growth Fund would “kick-start” enterprise in the city.

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Precision Recruitment, which recently relocated it’s office to York St in the city centre, has successfully won a valuable place in the Coaching for High Growth project, run by the East Midlands Development Agency (Emda) and funded by Emda and the European Regional Development Fund.

The programme, which is aimed at the bright stars of the East Midlands business community, provides 20 days of specialist coaching over a 12-month period along with a number of linked master classes. The total support package to each firm is worth £20,000.

Phil Walker, Precision’s Director commented:-

“After a tough 18 months in our industry we are seeing substantial growth within the majority of our market sectors. With the assistance of the programme we aim to grow our business organically, increasing our staff into verticals within our three specialist sectors of engineering, technical and sales recruitment, whilst continuing to invest in training and development. This year has seen the successful development of in-house specialist software, which reduces the time to hire and therefore costs for our clients. With the assistance of the programme it will add strength to our service levels to clients and create a strong growth plan to achieve the businesses ambitious plans.”

This press release was published in the Leicester Mercury on Wednesday 9th June 2010 click here to see the full article.

Employment in the manufacturing sector has risen for the second month in a row, according to the latest data from the Markit/CIPS index.

The rate of jobs growth was only slightly below April’s three-year high, while the headline seasonally adjusted Purchasing Managers’ Index (PMI) was steady at 58.0, in line with April’s fifteen-and-a-half year high, consistent with a marked rate of expansion.

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The number of employers operating a recruitment freeze has fallen sharply from 37% in August/September to just 5%, according to the latest CBI/Harvey Nash employment trends survey.

According to the February/March survey, employers in professional  services and banking, finance & insurance (2%) are least likely to be operating a freeze on hiring.  Retailers (13%) and construction companies (10%) are most likely to have a freeze in place.

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LONDON (Reuters) – Jobless claims fell three times faster than expected last month, giving a boost to financial markets, though the upbeat message was undercut by the rise in a broader unemployment measure to a 14-year high.

Wednesday’s official data adds fuel to Britain’s closest-run election race in decades, with the Conservatives and Liberal Democrats seizing on the rise in the jobless rate to slate the Labour’s record ahead of the May 6 poll.

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The REC’s JobsOutlook survey has pinpointed a surge in employer confidence as the industry begins to loosen its belt.

A heartening 96 per cent of employers surveyed stated they now expect their permanent workforces to remain static or grow within the next three months – a rise of two per cent on the previous month.
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LONDON (Reuters) – The Bank of England looks set to keep its powder dry on Thursday as it pauses to assess the impact of the massive stimulus it has already injected into the economy.

It is now a year since the central bank slashed interest rates to a record low 0.5 percent and began buying bonds in an unprecedented attempt to kickstart growth.

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NEW YORK (Reuters) – Judging by the recent flurry of share buyback announcements, Corporate America is increasingly confident the worst of the economic slump has passed.

After two years of belt tightening, stock buybacks are running at their highest level in two years as companies start to look for ways to deploy the record levels of cash on their balance sheets.

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