Labour market 'at turning point', says report

The labour market is showing signs of recovery, with employers reporting positive hiring intentions for the first time in three years, according to a report out today.

The survey of 2,100 UK employers found that 80 per cent anticipated no change in headcount over the next three months, while 9 per cent intended to increase the numbers in their workforce. This raised the net employment outlook (the balance between reducing staff levels and hiring) to -2 per cent, up from -6 per cent the previous quarter.