Appetite for expansion signs of a return to confidence in the private sector

Appetite for expansion signs of a return to confidence in the private sector by Michael Cheary Tired of hearing the same old gloomy stories about the UK economy?Most of us are. But a look at last months Reed Job Index report shows more than a few signs that the picture isnt as bleak as the one portrayed in the media. In fact, some areas are showing signs of a real return to growth and confidence.In the past year, demand for new staff has increased significantly: up 20% compared with November 2010. Whats more, the number of new job opportunities is now at its highest level in nearly two years.Novembers growth continues Octobers upward trend and marks the highest level of job opportunities recorded by the Reed Job Index since it began in December 2009.But is this genuine growth or just a re-calibration of the market?Looking at the sectors enjoying the most positive changes, there are signs that the economy is re-balancing towards more industrial disciplines. Demand for technical staff, such as Engineers and IT specialists is 90 per cent higher now than when the index was first set 23 months ago.Other areas of private sector growth include service areas like Accountancy and Leisure Tourism, whilst the Public Sector continues to witness a decline: demand dropped six points month-on-month in November.But, lets remain cautious. Average salaries have stayed low marginally less than their level in December 2009 against a backdrop of rising living costs, whilst some regions have continued to endure tougher conditions than others.Nevertheless, whatever our take on economic forecasts and media doom and gloom, Novembers figures suggest the underlying appetite for growth in the private sector is bigger than many would have us believe.Find jobs in your area now Find a job What Where Search JobsSign up for more Career AdviceSign up for moreCareer Advice Please enter a valid email addressmessage hereBy clicking Submit you agree to the terms and conditions applicable to our service and acknowledge that your personal data will be used i n accordance with our privacy policy and you will receive emails and communications about jobs and career related topics. Features