Jobs
UK Employers Turn Cautious on Hiring as Recession Fears Mount
- Pay and recruitment slowed in October, KPMG-REC survey finds
- BOE has been urging wage control to avoid inflation spiral
This article is for subscribers only.
UK wage growth and hiring activity fell in October, as the prospect of a recession prompted fresh caution among employers and cooled the job market.
Starting salaries grew at the slowest rate in 18 months and the number of people placed in jobs fell for the first time since February last year, according to a report by KPMG and the Recruitment and Employment Confederation.