The public sector job market is 50% down from peak levels and will continue to be depressed until 2013, according to recruitment consultants Hays.
The firm said its public sector job market, which represents almost a quarter of its UK’s net fees had slumped by 37% in the first three months of this year and blamed the government spending cuts.
The slump in the public sector market was partially offset by an 18% rise in UK private sector jobs.
‘In the UK, net fees remained broadly stable overall, with strong growth in the private sector offset by tough public sector markets,’ said chief executive, Alistair Cox. The Group said they had seen the job markets grow in Europe, South America, Asia and Australia.
‘Our operations in Queensland, Christchurch and Tokyo have each faced natural disasters of unprecedented scale, but the response and fortitude of our employees there has been a credit to them and to our business,’ said Mr Cox.
‘Despite these events, the outlook remains positive in nearly all of our markets outside the UK public sector.’
LocalGov.co.uk – 7 April, 2011