Economic Buzz: UK Job Placement Growth At 16-Month Low

11 Jul 2022 , 02:55 PM

The UK job placements grew at the softest pace in 16 months in June due to candidate shortages and the reluctance of firms to hire amid greater economic uncertainty and rising costs, the latest KPMG and REC, Report on Jobs survey, compiled by S&P Global showed. The survey showed a continued increase in vacancies in June but the latest upturn was the least marked for 15 months. The availability of staff declined again in June, with the pace of deterioration the sharpest for three months. Due to the imbalance between the supply and demand, there was a steep increase in starting pay in June. However, the starting salary inflation eased to the softest since August 2021.Powered by Commodity Insights