Jobs
UK Companies Curtail Hiring as Economic Outlook Turns Gloomy
- Fall in permanent hires signals easing labor market pressures
- But starting wages still rising in a worry for inflation
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Permanent hiring activity by UK firms fell for the fifth consecutive month in February as economic gloom weighed on recruitment, a key survey found.
Employee appointments slipped at a slightly quicker pace than in January, according to the report from consultancy KMPG and the Recruitment & Employment Confederation, hinting that pressure in the labor market may be starting to ease.