UK hiring freezes on recession fears ...News

Russia Today - Economy
UK hiring freezes on recession fears
source : Russia Today ( News ) () 63
Employers are cautious to recruit as the British economy continues to shrink, a KPMG report says Recruitment activity and wage growth in the UK plunged in October at the start of the final quarter due to growing uncertainty over the economic outlook, according to the latest report by KPMG and the Recruitment and Employment Confederation (REC). The looming recession is impacting the UK jobs market, experts say, with employers hesitant to hire. This caution combined with fewer available candidates has resulted in the number of permanent placements falling for the first time in nearly two years, the report indicates.

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