Not sure I agree with that - recruitment consultants get paid for putting people in positions. They don't get paid for the amount of people looking and approaching them so guess what... if there are no/minimal amount positions (like now) then all those people looking can't be put in to a job and therefore recruitment consultants won't be doing so well!!
The only recruitment consultants getting hired are those in specialist areas or if you are good enough to try and generate positions at the firms by selling staff to clients on un-advertised positions...
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