The KPMG and REC UK jobs report captures original survey data, providing the most up-to-date monthly picture of recruitment, employment, staff availability, and employee earnings trends.
Here’s what you need to know:
Permanent staff appointments declined at their sharpest rate since August 2023. Businesses are still hesitant following the Autumn Budget and the announcement of rising National Insurance contributions.
Temporary billings fell across the UK, with the North experiencing one of the steepest declines regionally.
Permanent salary growth ticked up, reaching its highest rate in four months, as firms showed that they’re willing to compete for high-quality talent.
Vacancy numbers dropped sharply, with the steepest contraction in over four years. At the same time, staff availability surged – and the North saw the strongest increase in permanent candidate availability in seven months.
In the North, permanent placements fell for the second month in a row, and temp billings continued to decline. However, Northern businesses are still seeking opportunities, with KPMG’s Private Enterprise Barometer highlighting a growing interest in international expansion for 2025.
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