The UK job market is facing unprecedented turbulence as recruiters have warned the Bank of England of a dip in permanent hiring across UK businesses. This comes as organisations grapple with ongoing economic uncertainty, according to a new report.
The report, which was compiled by the Recruitment and Employment Confederation (REC), found that the number of permanent placements in the UK fell for the second consecutive month in August. This is the first time since March 2009 that the UK has seen two consecutive months of decline in permanent placements.
The report also found that the number of temporary placements also fell in August, which is the fifth consecutive month of decline. This is the longest period of decline since the survey began in 1997.
The REC’s chief executive, Neil Carberry, said: “The UK labour market is facing unprecedented turbulence. Businesses are struggling to plan for the future as the economic outlook remains uncertain. This is having a direct impact on hiring decisions, with recruiters reporting a decline in both permanent and temporary placements for the second consecutive month.
“We are seeing a shift in the way businesses are recruiting, with many turning to flexible and temporary staff to fill gaps in their workforce. This is a sensible approach in the current climate, but it is important that businesses are aware of the risks associated with this approach and ensure they are taking steps to protect their staff.”
The report also found that the number of vacancies in the UK fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent jobs fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary jobs fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the public sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary roles in the public sector fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the private sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary roles in the private sector fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the manufacturing sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary roles in the manufacturing sector fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the services sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary roles in the services sector fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the construction sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary roles in the construction sector fell for the fifth consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into permanent roles in the IT sector fell for the third consecutive month in August. This is the longest period of decline since the survey began in 1997.
The REC’s report also found that the number of people placed into temporary
