LONDON (MNI) – There are a few signs of employees planning to
increase staff levels, although employment intentions were broadly
stable, according to the latest Bank of England Agents’ Report.
The report supports the view that although the UK managed to steer
clear of surging unemployment in the depths of the recession, job growth
could be anaemic in the early stages of the recovery.
The BOE Agents Report said “employment intentions remained stable,
but there were a few signs of selective plans for increased hiring
during 2010.”
The agents found pay growth was still muted, although pay awards
were slightly above late 2009 levels.
“In most cases, those awards were aimed at rewarding performance,
recognizing employees’ loyalty and boosting morale,” the report said.
The hoped for export growth is materializing, but the pace of
increase is gentle, hampered by weak growth in the main export markets.
–London newsroom: 4420 7862 7492 e-mail: drobinson@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MABPR$,MT$$$$]
