The UK jobs market suffered a dramatic freefall in July – are you coping?
- Marked drop in permanent appointments amid heightened uncertainty
- Temp billings continue to rise, but at slowest rate in ten months
- Permanent salaries increase at weakest rate in over three years
Permanent placements fall at steeper rate… The number of people placed in permanent roles decreased for a second successive month in July. Moreover, the rate of contraction accelerated to the sharpest since May 2009, with panellists frequently citing Brexit-related uncertainty. A particularly marked impact was reported by consultancies based in London.
…while temp billings growth eases further Temporary/contract staff billings continued to rise in July, with some panellists indicating that clients had shifted focus towards short-term staff amid an uncertain economic climate. However, the latest increase in billings was the weakest in ten months.
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