UK data - The Chartered Institute of Personnel and Development (CIPD) employment intentions gauge fell from +13 to +8, the lowest level on record excluding the COVID-19 period
Large private-sector employers were the main contributors to the decline, reflecting broader uncertainty.
CIPD’s economist says hiring reluctance reflects weak business confidence amid rising costs and global 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.
Overall demand for staff fell more sharply in April, reinforcing signs of a weakening labour market.
-
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.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about uk hiring outlook hits post covid low as employer confidence weakens was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( UK hiring outlook hits post-COVID low as employer confidence weakens )
Also on site :
- Skier dies in collision with tree at Colorado’s Aspen Mountain, resort officials confirm
- Governor Hochul: Annual statewide donation drive is complete
- Tornado warning issued, and quickly cancelled, over Alhambra