UK permanent staff pay growth slows, and temporary worker spending declines, indicating economic uncertainty and job market slowdown.
UK recruiters report the slowest growth in starting pay for permanent staff in over 3 years and a drop in spending on temporary workers, suggesting ongoing economic uncertainty and job market slowdown. March's survey from the Recruitment and Employment Confederation (REC) indicates permanent staff appointments fell at a strong rate, while temporary placements declined by the most since July 2020. The Bank of England may be influenced by these findings to reconsider its interest rate policy.
April 08, 2024
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