UK’s labour market continues to stay below pressure with general vacancies among British businesses growing at the slowest pace in over 10 years t
UK’s labour market continues to stay below pressure with general vacancies among British businesses growing at the slowest pace in over 10 years throughout November. REC’s index measuring demand for employees amongst British employers declined to 51.four in November from 51.6 in October, however remained above the 50-threashold marking growth.
Political uncertainties pushed by the upcoming common elections and uncertainties surrounding Brexit are driving down the demand for everlasting employees whilst non permanent billings registered solely a slight uptick in November. Most companies are both cancelling or delaying their hiring plans till some readability emerges on how Brexit will pan out.
In keeping with REC’s report, everlasting job placements declined for the ninth consecutive month throughout November, consistent with official employment figures revealed by the federal government. In the meantime, beginning salaries for everlasting employees elevated on the slowest tempo in almost three years in the course of the interval.