UK permanent pay growth slowed in September, amid a decline in job vacancies for the 11th consecutive month.
In September, the UK jobs market showed signs of cooling, with pay growth for permanent roles at its lowest since February 2021, according to a survey by the Recruitment and Employment Confederation and KPMG. The number of vacancies fell for the 11th consecutive month, marking the steepest decline since March. Economic uncertainty is influencing hiring decisions, as firms await clarity on government policies. The Bank of England is monitoring these trends for potential interest rate cuts.
October 06, 2024
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