Employee appointments slipped at a slightly quicker pace than in January, according to the report from consultancy KPMG and the Recruitment & Employment Confederation, hinting that pressure in the labour market may be starting to ease.
“The current economic outlook continues to impact hiring activity as employers keep playing the short game by focusing on temporary hires,” said KPMG partner Claire Warnes. Warnes said these factors “continue to play into pay inflation as employers try to compete with the rising cost of living”. The Bank of England has been bumping up its key interest rate at an unprecedented pace, hoping to get the cost-of-living crisis under control.
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