Post by : Badri Ariffin

Britain’s labour market hinted at stabilisation last month, with recruiters reporting the first rise in demand for temporary staff in over a year, signaling a subtle easing in the job crunch. While permanent job placements continued to fall in October, the decline slowed to its weakest pace since July last year, according to the latest monthly survey from KPMG and the Recruitment and Employment Confederation (REC).

The report highlighted a cautious but positive shift in employment trends. Temporary roles, often seen as a bellwether for hiring confidence, showed renewed demand, offering hope that the worst of the labour slowdown may be easing. Despite this, growth in permanent staff salaries remained modest, reflecting a still subdued market overall.

Economic indicators suggest a complex backdrop. Official figures released earlier showed the unemployment rate reached 5.0% in the third quarter, influenced in part by last April’s tax hikes on employers. Analysts note that while the labour market is stabilising, uncertainty remains ahead of major policy decisions.

Recruiters’ optimism comes ahead of Finance Minister Rachel Reeves’ budget on November 26, which is expected to include key tax measures. The survey results underline a delicate balance in the UK jobs sector, with cautious employers waiting to see the impact of government policies on business investment and hiring trends.

For job seekers and businesses alike, the latest readings point to a market that is slowing its decline but still navigating challenging economic conditions. Temporary roles may continue to lead the way in signalling confidence, while permanent employment and wages adjust to broader financial pressures.

#Business News #Economic