Summary of the latest report
The latest Report on Jobs revealed that the number of people placed into permanent jobs across the UK continued to decline markedly midway through the first quarter of 2024, as uncertainty over the economic outlook led employers to often delay or freeze hiring decisions. Meanwhile, vacancies data meanwhile showed that overall demand for workers declined at the quickest rate since the start of 2021. The slowdown in hiring and redundancies drove further marked increases in candidate availability, while pay pressures cooled. Notably, permanent starters' pay increased at the slowest rate since March 2021, while temp pay growth was among the weakest seen over the past three years.
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