The U.K. job market slowdown continued in August with permanent job placements rising at the weakest rate for 10 months, new survey data showed on Wednesday.
The Recruitment and Employment Confederation and KPMG Report on Jobs survey found that demand for staff also moderated during the month, with weaker increases recorded for both permanent and temporary workers.
Pay pressures also weakened, with permanent staff salaries rising at the slowest rate for seven months, while temporary staff pay growth was at a five-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.