Job Creation Index bodes well for UK industry

The
majority of UK industry continues to go from strength to strength, according to
the June Job Creation Index (JCI) from Mandis Business Intelligence and
recruitment consultancy Adecco.

The
JCI figures are determined by comparing the number of jobs created within UK
industrial sectors each month with the number of jobs created for the
corresponding month in the previous year.

The
JCI figures show individual industry performance, measured as a percentage
above or below the number of jobs created from a year ago. From these figures,
the following trends have been highlighted:

Media,
advertising and marketing – up 444 per cent up from this time last year

Paper,
packaging and printing – the printing industry saw 1,465 new positions created
to match the increase created by upturns in the other related sectors

Public
services and administration – with a JCI of +195, the public sector remains
buoyant with 5,151 jobs created in June

Finance
and banking sector – with a JCI of +177, this key sector has seen its best
levels of job creation since September 2003.

Richard
MacMillan, managing director of Adecco UK and Ireland, said: "It is
extremely encouraging to see job creation in the creative industries
outperforming last month’s high.

"Such
industries are normally the first to respond to market fluctuations and growth
in these sectors can be construed as a positive sign for the economy as a
whole, especially within the services sector which is key to the economy’s
growth," he said.

Ray
Murphy of Mandis Business Intelligence, added: "The June figures are very
encouraging, being the best this year so far and 17 per cent up on May. This
bodes well for the next six months once we are out of the main summer period
and employment plans turn into reality."

By Mike Berry

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