UK job market on its way back after downturn, recruiters say

LONDON - A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a recovery, an industry survey showed on Monday.

The REC survey has generally painted a weaker picture of the labour market than broader official data, which showed annual wage growth of 6% in the first quarter of 2024. In a possible relief for the BoE, the availability of staff grew by the most since December 2020, boosted by a mix of redundancies, higher unemployment and the reduction in demand for staff.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

1 in 10 young college graduates is 'idled'—it could affect their earnings long-termWhile the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.
Source: CNBC - 🏆 12. / 72 Read more »

Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall StreetConsumers feel more confident about the state of the stock and job market.
Source: 10TV - 🏆 560. / 51 Read more »