Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK employment market begins to tighten

The Recruitment and Employment Confederation and KPMG has today cast doubt upon the strength of the UK employment market with permanent job placements falling in June, to their weakest level since the beginning of the year. The survey found that the index of permanent job placements fell from 61.3 in May to 60.7 in June although it has to be noted that anything over 50 is actually growth in the sector. So what does this mean?

It would look as though many companies are starting to cut back on their recruitment funding and indeed the number of permanent jobs in the marketplace is starting to unwind. However, the temporary staff index also fell from 59.2 we may to 57 in June, a seven-month low, which would further reflect a tightening of the UK employment market. So where do we go from here?

Against the current economic backdrop of budget reductions, tax increases and general economic concern across Europe it is unlikely that companies in the UK will increase their recruitment numbers. Many will sit on the sidelines to see exactly how the UK economy performs in the short to medium term before deciding how to tackle the medium to long term situation.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details