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UK recruiters see signs of jobs downturn easing
The REC/KPMG survey shows permanent placements rose to 49.2 in February, marking the strongest improvement in almost three years despite ongoing slight contraction.
- On March 9, a Recruitment and Employment Confederation and KPMG survey found starting salaries for permanent staff declined last month at the slowest pace since October, while the downturn in new permanent staff recruiters eased.
- The survey, based on responses from a panel of around 400 recruitment agencies collected between February 10 and February 23, was compiled by the Recruitment and Employment Confederation and KPMG.
- The placements gauge registered 49.2 in February, up from 46.9 in January, reaching its highest level in nearly three years but staying in contraction.
- KPMG's Jon Holt said, 'Despite a marginal fall in hiring last month, the jobs market was showing its strongest signs of improvement in three years, with hiring at its closest point to turning positive,' highlighting cautious optimism.
- The survey also found the temporary staff hiring index fell to 48.0 from 50.3, while temporary staff availability increased at the softest pace in over a year.
8 Articles
8 Articles
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UK recruiters see signs of jobs downturn easing
Starting salaries for permanent staff in Britain declined last month at the slowest pace since October, according to a survey on Monday that also showed the downturn in the number of new permanent staff recruiters hired eased.
UK job vacancies fall at slower pace as service sector picks up
The decline in UK hiring may be beginning to stabilise after new data showed a slowdown in falling job vacancies and a rebound in activity across the country’s crucial services sector. An index tracking permanent hiring, produced by the Recruitment and Employment Confederation and KPMG, rose to 49.2 in February, up from 46.9 in January. Although the reading remains just below the 50-point threshold that separates expansion from contraction, it m…
UK jobs market shows strongest signs of improvement in 3 years
The Labour government is facing a rallying cry to ease the cost burden on businesses to avoid derailing a recovery in the jobs market. The latest jobs report from KPMG and the REC, the professional body for recruiters, showed hiring for permanent roles reaching a stabilising point in February with the pace of declines the slowest since March 2023. The index for permanent placements showed a reading of 49.2, edging closer to the neutral 50.0 mark…
UK hiring slowdown shows signs of easing as candidate supply rises
The UK labour market showed tentative signs of stabilising in February, as the decline in permanent hiring eased to its weakest pace in nearly three years. The post UK hiring slowdown shows signs of easing as candidate supply rises appeared first on Personnel Today.
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