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Pay rises hit 9 year high

09 Aug 2007

Pay rises hit 9 year high Pay rises for permanent employees have hit a nine-year high, new figures show.

The July Jobs index from the Recruitment and Employment Confederation and KPMG revealed an increase of 65.3 to salaries for full-time workers in July.

Any score higher than 50 on the index is considered growth.

Meanwhile the number of graduates who found a permanent job through consultancies reached a seven year high last month, climbing form 63.2 to 64.1 per cent.

Helen Reynolds, acting chief executive of the Recruitment and Employment Confederation, said: "This month's report shows that permanent placements are growing faster than ever as we enter the traditionally quiet summer months."

Michael Carter of KPMG added that the findings "continue to reflect a buoyant labour market".

Figures published recently from the Office for National Statistics indicated that the number of people in work who are classed as employable increased to 29.1 million during the three months to May.

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