Rain

Rain

max temp: 13°C

min temp: 12°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

East Anglia: Outlook for private sector employment at 30-month high, BDO survey shows

17:07 13 January 2014

Marilyn Martin of BDO LLP, Ipswich.

Marilyn Martin of BDO LLP, Ipswich.

Archant

Private sector hiring intentions have reached a 30-month peak as business confidence approaches record levels, according to the latest BDO Employment Index.

The monthly report, which monitors businesses’ hiring intentions for the next two quarters, reached 99.4 in December, up from 98.3 in November.

The index has now been at or above the crucial 95.0 level that indicates employment growth for 12 months and is now almost at the 100.0 mark which points to employment increasing at its long-term rate. This indicates that employment is gaining pace with the wider economic recovery.

Business confidence showed similar improvement, with BDO’s Optimism Index, which predicts business performance two quarters ahead, reaching 103.4 in December, up from 103.1 in November − its best reading in more than seven years and only just below the all-time high in the 22-year history of the report.

Marilyn Martin, partner and head of BDO LLP in East Anglia, said: “We’re encouraged to see that businesses are growing in confidence and have sharply increased their hiring intentions over the past month, which should help to keep the unemployment rate on a downward trajectory.

“The issue of unemployment is particularly important given the Bank of England Governor Mark Carney’s decision not to allow an interest rate rise until the unemployment rate is at or below 7%.

“The flip side of all this is that labour productivity is still far below its pre-crisis peak. As a result, the issue of underemployment remains, with some 1.5 million workers seeking full-time jobs being forced to work part-time over August-October 2013.

“Linked to the debate around employment is the politically sensitive issue of immigration. The Government will undoubtedly be waiting with baited breath to see the effect of the relaxation of border controls that came into force on January 1st 2014. However, our data suggests that the UK has the capability to create more jobs both for UK citizens and for others than some might expect.”

0 comments

Alan Pain, UK Trade & Investment's regional director for the East of England.

An export drive will be getting into gear at the Suffolk Show tomorrow as part of a nationwide tour.

The Teapot at Mcginty's Ipswich. Junk Food cafe run by Mischa Pearson and voulnteers.
Pictured Sarah sharlott, kath gosling, mischa Pearson, Adam Ferguson, Anna engstrom

An award-winning pay-what-you-feel cafe which supports dozens of homeless and vulnerable people in Ipswich has been given just three weeks to find a new base.

Former Seven Resourcing apprentices with Ben Gummer MP, from left, Elliot Frost, Mike Wright, Jade Nunn, Jesse Miller, Ben Gummer and George Owen.

Ipswich-based specialist recruitment agency Seven Resourcing has hosted a visit from the town’s MP, Ben Gummer, to showcase the success of its apprenticeship scheme.

Spending on Eating Out remained robust during April, according to a survey carried out for Greene King.

Britons continued to enjoy eating out during April, according to a new survey, despite reports of growing concern over the strength of the UK economy and the potential impact of a vote to leave the EU in next month’s referendum.

Meeting organised by the Institute of Directors about Suffolks burgeoning film industry. Julien Mery, co-founder of Livid Films and director of Film Suffolk, discussed how the creative community in Suffolk is putting the county on the UK and worlds creative industry map. L-R Sarah Brown, Graham Kill, Julien Mery and Old Jet's Jesse Quin.

A group of executives got to see the creative side of Suffolk’s economy at one of the county’s most popular filmmaking locations.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24