KPMG/REC Survey: Momentum in UK labor market fades further in May – Reuters

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KPMG/REC Survey: Momentum in UK labor market fades further in May – Reuters – by anilpanchal7 UnitedKingdom Employment RiskAversion GBPUSD BOE

REC said the number of permanent staff placements dropped last month at the sharpest rate since January 2021, as its gauge of demand for staff fell to a five-month low.REC's gauge of growth in starting salaries for permanent staff fell to its lowest level since April 2021, although it said this still represented ‘a historically sharp pace overall’.

Elsewhere, another poll of the Royal Institution of Chartered Surveyors' hints that measure of new buyer enquiries rose to a net balance of -18, the least negative figure since -14 in May 2022, and up from -34 in April, per Reuters.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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