UK recruiters say toughest conditions in jobs market since Covid

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Employers have been reporting the most difficult conditions in the British job market since the Covid -1 epidemic, that the employers have no sign of returning any confidence after Rachel Reeves in October.

A monthly survey of the KPMG and The Recruitment and Employment Confederations, published on Monday, points to the most vulnerable to the demands of the staff since August 2021, the survey vacancies index dropped from December 12.1 to January to 5..6.

Any lesson below 50 is the part of the reporter employers to weaken in the market.

Agencies put less people in both permanent and temporary jobs last month, the index of the temple billing declined rapidly from 46.3 to 41.5, the lowest since June 2020.

REC Chief Executive Neil Karbari said that it was weaker than the common recession after Christmas in the Temp Market, as many business economies were postponed until the investment plans were postponed.

Carberry said that last week, the Bank of England’s interest rate would reduce the interest rate by 0.25 percent to 4.5.5 percent, as it would press the government to promote economic growth, Carbery said.

However, he added: “Financial glimpse is an autumn, difficulty in increasing significant imminent taxes and navigating. The The The expensive new outlook for employment rights is all working as a brake of progress. ”

The KPMG/REC report is the latest of a string of survey, indicating that employers have become more reluctant to take up with new staff as the Chancellor’s employer has increased $ 25 billion for national insurance contribution in October.

In addition to increasing the wages of national life, the policy has been protected by both, both are expected to take effect in April. However, business leaders have warned that the cost of increasing the peak of poor growth and increasing trade tensions will be reduced in the headcount. “

Economic catastrophe has influenced Sir Care Starmar’s government and Deputy Prime Minister Angela Raina said on Sunday that she could “fully understand the frustration of the people”.

“We have been elected by the order of change,” he told the BBC. “People want to see it immediately. However, it will take more than seven months to turn it.

“It was completely open if he wanted to do his best for the care country. Don’t do what he thinks to be popular. He wants to be delivered. No one is a worse critic than care. “

So far, the recession of the recruitment does not seem to have matched extensive job loss for existing workers, although the image has been cloudy due to lack of reliable official information in the labor market.

Based on the tax record, statistics show that the number of pay -based employees has decreased somewhat since last summer. According to the last January statistics, there was no significant pick-up in the Redundance notifications submitted by the big employers.

Announcing the reduction of interest rates last week, the BOE’s Currency Policy Committee said that unemployment rates were widely stable compared to the recent quarter.

It has been a “exceptionally tight” job market that has been called the job market since the pandemic, where many employers struggled to fill the terms. The central bank has said that despite the obvious weakness in GDP growth, companies still had some extra power.

Rate-sets saw a risk, but in response to higher taxes, employers would cut the headcount more intensely-especially in sectors where many employees were paid minimum wages, thereby making the NICS growth impossible by paying salaries.

The KPMG/REC survey has shown that employers have recently been reporting large waterfalls in all sectors, including low-paying areas such as low-paying areas, such as low-paying areas.

After the clampdown on the use of agency employees of the NHS Trust, they spoke of a much less healthcare role. However, the severe collapses in the vacancies were in high pay professional areas and in the technology sector, which has been suffering from a long -running flash.

Employers have seen more candidates looking for work, even as a result of reducing salary and pressure even after the opening of the job.

However, the KPMG/REC survey has indicated the increase in weakening wages compared to other systems for several months, suggesting that employers are not willing to pay any major premiums to secure new fares, but are still dealing with existing workers.