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Jobs market 'showing signs of stabilisation'

New government figures show that the UK jobs market is starting to stabilise, according to recruitment experts.

The latest labour report from the Office for National Statistics (ONS) showed that UK unemployment fell by 33,000 between November and January to 2.45 million.

Commenting on the news, Kevin Green, the chief executive of the Recruitment and Employment Confederation (REC), said: 'These figures are good news and reinforce what recruiters have been saying for the last few months - that the UK jobs market has stabilised.'

However, he claimed that the ONS figures reveal that there is a rapid slowing in public sector jobs market, which could lead to problems if further cuts are made to achieve financial savings in the short term.

Earlier this week, the REC's Jobs Outlook survey found that 94 per cent of companies plan to maintain or grow their workforces in the coming year, while one-quarter expert to take on more agency staff.
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