Global Economic News

Uncertain Economic Outlook, High Inflation Weigh On UK Job Placements

Ongoing economic uncertainty coupled with the cost pressures forced the British employers to take a more cautious approach on staff hiring, a survey report compiled by S&P Global showed Wednesday.

Permanent staff appointments declined for the fourth consecutive month, albeit at a weaker pace as firms often preferred to take temporary staff to fill vacancies, the KPMG/REC Report on Jobs, based on the responses of around 400 consultancy firms, revealed. As a result, temporary billings grew the most since last September.

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by Renju Jaya

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