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September 8, 2010    

Job market growth slows in August

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by Kay Murchie

A report by the Recruitment and Employment Confederation (REC) and KPMG has raised fears over the strength of the UK job market.

The survey of 400 recruitment consultancies showed job appointments grew at their slowest rate since October 2009 last month.

Kevin Green, chief executive of the REC, comments: “We are concerned about the UK jobs market. Growth is rapidly slowing as public sector job freezes start to bite and private sector employers’ confidence remains fragile.”

The latest official figures show that the number of unemployed people in the UK fell to 2.457 million in the three months to the end of June.

However, unemployment is expected to rise in the medium-term as a consequence of Government spending cuts, which are set to lead to thousands of redundancies in the public sector.

“Whereas demand for staff is growing in the private sector, many public sector organisations have started redundancy programmes,” KPMG’s Bernard Brown added.

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