Business poll says boom in jobs will go on

Ben Southwood
Follow Ben
THE JOBS boom that has seen total employment climb to an all-time high of 29.73m will go on, according to figures out today.

Firms’ hiring intentions are at a 19-month high of 96 – where 95 indicates growth – according to the employment sub-index of March’s BDO business trends survey.

“The UK unemployment rate was 7.8 per cent over November 2012 to January 2013, down 0.5 percentage points on a year earlier,” the BDO report read. “The March employment index data indicates businesses could act to bring this down over the coming quarter.”

But the accountancy firm said this impetus would have to come from the private sector, with public sector bodies planning on reducing their headcounts over coming months and years.

This came in a month of improvement in all of BDO’s index – the sub-measure for optimism was up from 90.6 in February to 92.2, while the index for output grew from 92.1 to 93.

But inflationary pressures looked to be rearing their head again, according to an inflation sub-index of 102.4, up from 101.5 in February, and above not just the 95 level that separates growth and contraction, but also the long-term average level of 100.