Jobs market ‘is turning a corner’

The jobs market appears to be “turning a corner” after a bleak few months even though the economic outlook remains uncertain, according to new research.

A report by recruitment firm Manpower indicated a return to jobs being created, while a separate study by employment firm Monster showed an increase in online job vacancies.

Manpower said a survey of more than 2,000 employers showed a slight majority of those planning to recruit staff rather than cut back, although the picture was “mixed” outside London.

The Olympic Games was boosting confidence in the capital despite a wave of redundancies in the City.

Manpower UK managing director Mark Cahill said: “Although it’s too early to say that a full-blown recovery is upon us, it does feel like we’re turning a corner.”

Many of the Olympics jobs will be temporary, but the “Games effect” could help lead the UK out of recession and into economic recovery, said Manpower.