UK Optimistic About Employment

The strength of the jobs market has passed its 2007 peak and is expected to grow strongly over the next year, according to a new report. Manpower said hiring intentions in Scotland were at a seven-year high despite the uncertainty being expressed in some quarters about independence.

The employment group surveyed more than 2,000 firms and found that optimism on jobs was also growing in the public sector, which has been hit by spending cuts.

James Hick, a director at Manpower, said county councils and health service organisations were employing more professional staff to develop new ways of delivering services. He said the retail sector was the biggest growth area, with supermarket chain Morrisons hiring thousands of staff to work in its new convenience stores.

Internet retailers were also behind the rise in jobs, especially in the distribution sector, as they developed new ways to deliver goods to households and business customers.

“Internet providers are creating their own networks based around local hubs that rely on self employed drivers to make deliveries,” said Hick.

Hiring confidence in the public sector has risen more sharply than in private firms, said Manpower.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza