Monthly UK jobs market report showed a significant slowdown in August

Info comes via the monthly Report on Jobs, produced by the Recruitment and Employment Confederation and KPMG in the UK.

• survey reported a significant slowdown in the labour market in August
• job placements declining sharply – permanent job placements dropped at their fastest rate in five months
• wage growth easing – wage growth for new permanent employees fell to its lowest level in five months, marking one of the weakest performances since early 2021
• salaries increased last month at a rate of growth that was the slowest since March

This article was written by Eamonn Sheridan at www.forexlive.com.