“British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid-2020 last month due to concerns about the economic outlook, per the latest survey from the UK’s Recruitment and Employment Confederation (REC), funded by the global quant giant KPMG, published early Monday in Asia.
The poll also cited a tough market for job seekers as their key gauge showing the permanent staff hiring slumped to 43.4, the lowest since June 2020, in July. That said, the survey's measure of temporary staff hiring marked the weakest growth in nine months for the said month.
In addition to the survey release, Neil Carberry, chief executive of REC, cited economic uncertainty as the catalyst for the latest challenges for the jobs market.
The news also includes a separate survey from the UK BDO stating that the rising interest rates, tough trading conditions and weak demand hit hiring intentions and business confidence across services and manufacturing sectors. While justifying the same, the BFO’s gauge of employment snapped a five-week uptrend in July while the optimism inflation marked the first monthly loss in four during the said month.
Also read: GBP/USD Weekly Forecast: Bearish potential to hold in a key week ahead
© 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.