Large private-sector employers were the main contributors to the decline, reflecting broader uncertainty.
Separately, the KPMG and the Recruitment and Employment Confederation (KPMG/REC) survey showed another decline in recruiter job placements, though the pace eased slightly from March.
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The data aligns with the Bank of England’s recent signals that the labour market is softening, despite ongoing concerns about high wage growth. Q1 official wage figures are due from the UK on Tuesday - expected to show nearly 6% annual growth.
CIPD puts median pay settlements at 3%CIPD’s economist says hiring reluctance reflects weak business confidence amid rising costs and global uncertainty. BDO employment gauge: BDO’s composite employment index hit a 12-year low in April, underlining the downturn.
info via Reuters.
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