LONDON, Oct 11 - British employers cut their job vacancies for the first time in more than two-and-a-half years in September and reduced their hiring again, a recruiters' industry body said on Wednesday, adding to signs of a cooling in the labour market.
REC Chief Executive Neil Carberry said the latest figures suggested the drop in the jobs market was levelling out. Samuel Tombs, an economist with consultancy Pantheon Macroeconomics, said the survey suggested month-to-month growth in wages would slow later this year, reducing the chance of more BoE rate hikes in the near term.
The BoE said last month that the REC figures to August might herald a decrease in pay growth as it kept interest rates on hold after 14 back-to-back increases.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rallies as pressure relaxes from the bond marketU.S. stocks are rallying Tuesday as pressure on Wall Street from the bond market comes off the boil.
Source: CTVNews - 🏆 1. / 99 Read more »
Stocks reverse losses, oil surges with focus on Middle East conflict: Stock market news todayThe prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise, oil surges with focus on Middle East conflict: Stock market news todayStocks moved higher despite a dose of geopolitical risk added to interest-rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks climb amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures tick higher amid hopes of end to Fed hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »