- Analytics
- News and Tools
- Market News
- U.K. job recruiters see strongest wage growth in 24 years
U.K. job recruiters see strongest wage growth in 24 years
Bloomberg reports that according to the report from the Recruitment & Employment Confederation and KPMG, U.K. wage growth rose at its strongest pace on record in a survey of job recruiters, indicating strains from a shortage of workers are persisting.
The REC survey will add to inflationary pressures that are already ringing alarm bells at the Bank of England. Data also indicates difficulty moving people off of furlough and into work following the pandemic.
Starting salaries for permanent workers rose at the strongest pace in 24 years of data collection in September. At the same time, the pool of available workers fell at near the sharpest rate on record.
“While higher salaries are good for job seekers, wage growth alone is unlikely to help sustain the economic recovery,” said Claire Warnes, head of education, skills and productivity at KPMG. “Many do not have the right skills to transfer to the sectors with most demand.”
© 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
