UK's job market slowed in July, with permanent hiring downturn and wage growth decline.
UK's job market slowed in July with permanent hiring continuing a nearly two-year downturn, as per Recruitment and Employment Confederation (REC) survey. Wage growth slowed in July with permanent staff salary index dropping to 56.5 from 57.1 in June, and temporary salary index declining to 50.9 from 53.7. This slowdown may lead to further interest rate cuts by the Bank of England.
August 07, 2024
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