Jobs market and pay growth are cooling off, large UK employers and recruiters warn

Jobs market and pay growth are cooling off, large UK employers and recruiters warn
By: The Guardian Posted On: August 08, 2024 View: 12

Survey reveals net fall in permanent jobs last month amid lengthening slowdown in employment marketThe UK’s largest employers have warned the jobs market is cooling amid a slowdown in wage growth in July and a fall in vacancies, extending an almost two-year downturn in hiring demand for permanent staff.Figures from the Recruitment and Employment Confederation (REC) and the accountancy firm KPMG showed a fall in permanent staff placements in July as large employers made more redundancies and hired fewer new starters. Continue reading...

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