|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
10th of September 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  
September 8, 2010    

Job market growth slows in August

Bookmark and Share

by Kay Murchie
”Job

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.

Discuss this in the Finance Markets forums

Story link: Job market growth slows in August




Related financial stories to: Job market growth slows in August:
Previous: « Greek economic growth figures revised downwards
Next: »

Visited 282 times, 19 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , job market, , , REC, Recruitment and Employment Confederation, , , ,

 


Economy News feed Economy News

All Financial News feed All Financial News