Reade, Quentin
May 2004
Personnel Today;5/4/2004, p50
Trade Publication
CPI inflation, the British Government's target measure, fell to 1.1 per cent in March 2004, from 1.3 per cent in February 2004. Latest labor market statistics show a continuing rise in the number of people in employment and more job vacancies than a year ago. The annual rate of growth in average earnings, excluding bonuses, rose to 3.8 per cent from last month, 3.6 per cent, mainly driven by higher growth in private sector services. The Recruitment Confidence Index shows that employers' expected recruitment activity continues to grow. Average salaries awarded to people placed in permanent jobs by recruitment agencies rose for the eighth month running in February 2004.


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