- Analytics
- News and Tools
- Market News
- UK jobs market wanes in November as demand for staff fades - REC
UK jobs market wanes in November as demand for staff fades - REC
British employers' demand for staff rose in November at the slowest rate in more than a decade, adding to signs of a waning jobs market ahead of Brexit and next week's general election, a survey of recruiters showed.
The index of demand for staff from the Recruitment and Employment Confederation (REC) and accountants KPMG fell to 51.4 in November, its lowest since September 2009, from 51.6 in October.
REC report showed permanent job placements fell for an ninth month running, chiming with official data which has shown job creation waning.
"The uncertainty around the upcoming election and Brexit outcomes are playing havoc with the UK jobs market, as clearly employers and job-seekers are taking a wait-and-see approach before committing to growth or movement," James Stewart, vice chair at KPMG, said.
The survey showed starting salaries for permanent staff rose in November at the slowest rate since December 2016. For temporary staff, it was the weakest reading since November 2016.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
