The undisputed strength of the UK economy since the financial crisis has been the jobs market.
Those concerns are likely to mount following trading updates today from two of the UK's leading recruitment firms, PageGroup and Robert Walters. He added:"Looking ahead, the deterioration in trading conditions seen during [the third quarter] across the majority of our regions is anticipated to continue.
It reported:"Client and candidate confidence continued to be generally weak in the UK across both the recruitment and recruitment outsourcing markets.
James Stewart, vice chair at KPMG, said:"The Brexit impasse continues to affect the jobs market with employers stuck, unable to make informed decisions, and people unwilling to risk seeking new roles. The first is that it is important to stress that PageGroup and Robert Walters are global players and are not just seeing a slowdown in the UK - although that does appear to be where the weakness is most pronounced - with storm clouds also gathering in Germany, another market where employment is at an all-time high and Hong Kong, where the recent civil rights protests have had an impact on the economy.
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Source: The Independent - 🏆 80. / 59 Read more »