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Job vacancies fall
Demand for permanent workers in the UK dipped last month in the first such decline for five years, a new survey has found.
The Recruitment Employment Confederation and KPMG research also found that recruitment of temporary workers has decreased at the fastest level since May 2003, the BBC reports.
More jobseekers are now chasing each vacancy due to this dip, making the UK labour market more competitive.
However, there is some good news for those looking for work, as the study also revealed that wage growth has accelerated.
"Even the usually robust temporary jobs market is coming under pressure, adding to the likelihood of a stagnant jobs market and rising unemployment for the foreseeable future," Alan Nolan, director at KPMG, told the news provider.
This contradicts a recent assertion from the Chartered Institute of Personnel and Development that predictions of wide-ranging redundancies in the UK are "pessimistic".
